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Brief Introduction to Zijin

CEO

 


Male, the Han nationality, born on 11 October 1957 in Longyan City, Fujian Province;

Professor level senior engineer & expert specially subsidized by the State Council;

Representative of 10th Fujian Provincial People's Congress;

Chairman of the presidium of China Mining Association & Vice-chairman of China Gold Association;

Current president, Managing Director & Chief Engineer of Zijin Mining Group Co., Ltd; and

Current Secretary of CPC Committee of Zijin Mining Group.

As a new graduate from the geology specialty of Fuzhou University with vision of youth in 1982, Chen Jinghe started his work at Fujian Minxi Geological Brigade. Soon, he was sent as the director of Zijinshan Gold Exploration Project to the mystical Zijinshan. From then on,"I both worked and slept in the foggy mountains. With much arduous work, I finally found the gold I had dreamed day and night!"(Extracted from Zijin and I--Boundless Love for Zijin by Chen Jinhe). In 1984, Chen Jinghe put forward in his theses for the first time the metallogenic prognosis of "upper gold & lower copper", which was proved during engineering. As a result, Zijinshan Gold-Copper Mine became one of the key metallic mineral deposits explored during "the 7th Five-year Plan" period of our country. The Discovery, Investigation and Prospecting of Large-scale Copper & Gold Deposits with Zijinshan Style in Fujian Shanghang won the first prize for national scientific-technical advances.

Chen Jinghe was the main finder & investigator of Zijinshan Gold-Copper Mine and the person in charge of its field investigation. With unforgettable Zijin complex, he had no hesitation in giving up the preferable jobs offered to him in big cities after he completed the prospecting work of Zijinshan. He came to the poor mountainous county and assumed the post of Manager of Shanghang Minerals Company that had "a staff of only 76, total assets of 3.51 million Yuan, and was managed by trading minerals now and then". In 1993,the Zijin Mining Company, reconstructed from Shanghang Minerals Company, started to undergo the exploitation of Zijinshan. The budget for total investment in the all-slime cyanidation of the ore deposits of Zijinshan according to the plan of the design institute amounted to 29 million Yuan. This was an astronomical figure to the Zijin of that time. At last, Chen Jinghe who did not believe in the conventional judgment of "South China's humidity & abundant rain as well as Zijinshan's steep landform is not suitable for heap leaching". According to the characteristics of gold ores of Zijinshan, heap leaching technique with small amount of investment and low cost of production was adopted bravely and a mine was established with an annual ores processing capacity of 50,000 tons.

Zijinshan Gold Mine, based on its own experience of development, underwent Phase II, III & IV Technology-improved Projects and grew big and strong rapidly to become a gold mine that boasts the largest utilizable and ensured reserves of monomer mines, the biggest scale of ore mining and mineral processing, the greatest amount of gold production, the lowest beneficiation feed grade of ores, the lowest unit cost of ore processing and the best economic benefits in China.

In 2000, Zijin Mining took its shape and gained a rather good reputation within gold industry. Chen Jinghe timely brought forward the three-step development strategy of "leading in domestic gold industry, leading in domestic mining industry, and finally ranking top in international mining industry". He led Zijin people to resolutely "go out" to participate in mine exploitation in Guizhou, Jilin, Xinjiang, etc, and they grasped good opportunities of resources development.

From 2006 to 2007, Zijin Mining Group made substantial development in its internationalization. It successfully invested in Nari Tolgoi Gold Mine of Mongolia, Tai-Pan Lead-zinc Mine and its neighboring Iron Mine of Vietnam by the way of those companies' shareholding rights transfer. Besides, it has become the largest shareholder of Ridge Mining, a listed company on the London Stock Exchange, and has made via tender offer the successful acquisition of Monterrico, another listed company on the London Stock Exchange. This was the first time that a company from China had made acquisition of an overseas listed company by a general offer and that a company from China had ever purchased a listed company of the United Kingdom.

Chen Jinghe himself planned reform of the Company time and again, resulting in its successful listing on the Hong Kong Stock Exchange on 23 December 2003 through which a bridge to the capital market was constructed. In order to meet the strict requirements on the listed company, Zijin further established and improved its enterprise management system and ushered in a period of faster development.

Nowadays,Zijin Mining Group Company Limited has been developed into a famous gold mining enterprise and Top 500 Enterprises in China that has established nearly 100 subsidiaries in more than 20 provinces across China including the local province of Fujian, Xinjiang, Guizhou, Inner Mogolia, Jilin, Qinghai, Tibet, Heilongjiang, Henan, etc as well as in 7 overseas countries. According to FORBES, Zijin Mining Group ranke

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