The just-released Q3 2009 report of Zijin Mining shows that in the first three quarters of 2009, Zijin Mining timely adjusted its operation strategy according to the market change, and achieved the results of the Group’s gold turnout: 54,536 kilograms (of which 22,682 kg is of mineral product gold), copper turnout: 60,113 tons, and zinc turnout: 99,466 tons.
The report also has an analysis of the main factors for Zijin Mining’s business income, the first is that the smelting-processed gold sales volume rose by 49.33% year on year; Zijinshan Gold Mine, Huichun Zijin, Luoning Huatai had an increase in their mineral product gold sales volumes; Qinghai Derni Copper Mine, Xinjiang Ashele Copper Mine had an increased yield, with the copper concentrate sales volumes up by 50.95％ over the same period of the last year; the second is that the gold product price rose somewhat year on year, and this accounts for a considerable proportion (76.09%) in the whole sales amount, which has brought about the business income growth.
Noteworthy is that: in the beginning of the year, Zijin Mining, in its campaign of “Learn from Jinshan and Reduce Costs” conducted in the whole Group range, specified the target for the reduction of all its subsidiary companies’ expenses, had a strict control over the expenditure of outlays, and achieved remarkable effects as well. The statistics shows that Zijin Mining had a year-on-year drop of 11.86% in its administrative expenditure.