紫金礦業(yè) 2022年年度報(bào)告

2022年度業(yè)績報(bào)2022AnnualAnnualresultsAnnualresultsPAGE2TheinformationinthisdocumentdoesnotconstituteorformpartofanyoffertosubscribefororsellanysecuritiesofZijinMiningGroupCompanyLimited(“Zijin”,“ZijinMining”orthe“Group”),isnotaninvitationtosubscribefororofferanysecuritiesoftheGroup,anddoesnotformthebasisoforberelieduponinconnectionwithanycontractorThecontentscontainedinthisdocumentincludetheCompany’sexpectationsforthefuture.Theseforward-lookingstatementsarebasedoncertainassumptionsabouttheCompany’scurrentandfuturebusinessstrategyandfutureoperatingenvironment,bothknownandunknown,andaresubjecttouncertaintiesandfactorsbeyondtheCompany'scontrol.Asaresult,actualresultsmaydiffermateriallyfromtheseforward-lookingstatements.Theseforward-lookingstatementsareprovidedonlyasofthedateofthisdocument.AnnualresultsAnnualresultsAnnualresults320222022OperatingProfitbeforetaxofRMB30billion（+21%),netprofitattributabletoownersofthelistedcompanyofRMB20billion（ProfitbeforetaxofRMB30billion（+21%),netprofitattributabletoownersofthelistedcompanyofRMB20billion（+28%),EBITDAofRMB43.6billion（+24%);TheproductionvolumeoftheCompany’smajormineralproductsincreasedsignificantly.ItsmainindicatorsrankedamongtheleadingcompaniesinChinaandthetop10globally.SignificantgrowthinoperatingperformancefacilitaterapidgrowthoftheworldAnewbatchofsignificantgrowthdriversemergedatanacceleratedpaceNewenergyandadvancedmaterialsemergedasnewTheCompanyremainscommittedtoitsgloballayoutstrategyandinvestsinprojectsinChinaanditssurroundingcountriesinatimelymanner,obtainingabatchofqualityresourcesatcomparativelylowcosts;phase2oftheKamoaCopperMineintheDRCongocompletedproduction,commencedproductionandreachedthedesignatedproductioncapacity;constructionofphase3expansionandsmelteradvancedbeyondexpectation;phase1oftheJulongCopperMinereachedthedesignatedproductioncapacity,andthepreparationworkofthephase2projecthasbeencarriedout.Theresearchprojectregardingthecavingminingmethodhasadvancedsmoothly.Thedevelopmentoflithium-basednewenergyandadvancedmaterialsTheself-initiatedresearchdevelopment,design,constructionandconstructionmanagementwereimprovedcontinuously.Large-scalecavingminingmethod,lithiumextractionfrombrineandabatchofprojectswhichaimedforscienceandtechnologybreakthroughsobtainedimportantInformatisation,automationandintellectualisationempoweredglobaloperation,comprehensivelypromotedthesafetylevelandglobalisedoperationandmanagementefficiency.The“five-stagelife-of-mineprojectmanagementprocedurebyin-housecapabilities”miningengineeringmanagementmodelwascomprehensivelypromotedandappliedThecorporategovernancesystemoftheCompanyisscientificindecision-making,stronginexecutionandeffectiveinsupervision.ThenewmanagementteamhasahigherfemaleproportionamongtheindependentDirectorsandtheSupervisors.Amorediversebackgroundishighlighted;TheCompanyhasprovidedalargenumberofjobs,contributingtothelocaleconomicdevelopmentofthoseplaces(countries)wheretheCompany’sprojectsarelocated.TheCompany’simageasalarge,responsiblemultinationalcompanyhasbeenrecognised.DeepintegrationofcorporategovernanceandESGsustainabilityconceptsTheconceptofglobal“commondevelopment”isdeep-rootedintheheartsofpeopleTheCompanypublished“TheActionProgrammeonClimateChange”,whichisthefirstreporttoincorporatetheinternationalTCFDframeworkamongtheChinesemetalminingsector.TheCompanyhasincludedtherealisationofthetargetsof“carbonpeak”and“carbonneutral”andthenewenergyandadvancedmaterialsbusinessasimportantcomponentsofitsdevelopmentstrategyforthenexttenyears.LeadingtheChineseminingsectortorespondtoandtakeactiononclimatechangeTheCompany’sASharesareincludedinanumberofkeyindices,theCompanywasfavouredbypublicandprivateequityfundsaswellasnationalsovereignfunds.Theproportionofsharesheldbyinstitutionalinvestorsincreasedsignificantly,andtheinvestorstructurewassignificantlyoptimised.TheCompanyhasreceivedthetitleofenterprisewithexcellentinformationdisclosurefromtheSSE8times.RecognitionfromandinfluenceontheglobalcapitalmarketwerefurtherimprovedAnnualresultsAnnualresultsPAGE520222022KeyfinancialdataandJantoJantoJantoChangeOperatingincome（RMBProfitbeforetax（RMBNetprofitattributabletoownersoftheparents（RMBbillion）Netprofitattributabletoownersoftheparentafternon-recurringprofitorloss(RMBbillion）Netcashflowsfromoperatingactivities(RMBbillion）BasicearningsperIncreasedby1.32percentageJantoJantoChangeCurrentIncreasedby18.35percentagepointsQuickIncreasedby17.24percentagepointsDebt-to-assetIncreasedby3.86percentage-Cashinterestcoverage-EBITDAtointerest-Asat31DecemberAsat31DecemberChangeTotalassets（RMBTotalliabilities（RMBTotalequity（RMBEquityattributabletoownersofparent（RMB20FY-Netprofitattributabletoownersoftheparent28FY-NetcashflowsfromoperatingactivitiesContributionContributionofmajormineralIn2022,salesincomefromcopper,gold,zinc(lead),silverandironorebusinessesrepresented24.77%,38.41%,4.55%and32.27%ofoperatingincome(afterelimination),respectively,andgrossprofitofthesebusinessesrepresented49.44%,24.55%,7.68%and18.33%ofthegrossprofitoftheGroup,respectively.Contributionofmajormineralproductstotheoperatingincome

Contributionofmajormineralproductstothegrossprofit銅金鋅（鉛銅金鋅（鉛銅金鋅（鉛銅金鋅（鉛GrossprofitoftheGroupRMB42.5billionSilver,Silver,ironoreand Silver,ironoreandPositionPositioninthemine-producedcopperThe6thlargestcopperproducerinthe泰克資波蘭銅業(yè)第一量子Asat31泰克資波蘭銅業(yè)第一量子俄洛陽鉬哈薩克礦業(yè)俄洛陽鉬哈薩克礦業(yè)

Resources(onequitybasis)oftheworld'smajorlistedcoppercompaniesin2022/10,000tonnes必和必智利國家銅必和必智利國家銅業(yè)南方銅SouthernRioAngloZijinTeckKHGMFirstNorilskKAZ自由自由力力嘉能英美資嘉能英美資紫金礦

Reserves(onequitybasis)oftheworld'smajorlistedcoppercompaniesin2022/10,000tonnes智利國家銅智利國家銅業(yè)SouthernCopperZijinFirstAngloKHGMRioNorilskKAZTeck自由自由南方銅南方銅必和必必和必紫金礦第一量紫金礦第一量子嘉能

Mine-producedcopperproductionvolumes(consolidated)oftheworld'smajorlistedcoppercompaniesin 2022/10,000 嘉能必和必自由智嘉能必和必自由智利國家銅業(yè)SouthernZijin力波蘭銅安托法加斯英美資力波蘭銅安托法加斯英美資第一量紫金礦南方銅安托法加斯英美資波蘭銅業(yè)力俄鎳FirstAngloKHGMRioNorilskKAZ洛陽鉬哈薩克礦俄五礦資哈薩克礦業(yè)泰克資安托法加斯洛陽鉬Sourceofdata:annual洛陽鉬哈薩克礦俄五礦資哈薩克礦業(yè)泰克資安托法加斯洛陽鉬AnnualresultsAnnualresultsPAGE8InIn2022,theCompanyproduced877,000tonnesofmine-producedcopper,representinganincreaseof49%comparedwiththesameperiodlastyear,contributingtoapproximately40%oftheglobalnetincreasefortheyear.Theincrementin2022wasmainlyfromKamoa-Kakula,JulongCopper,SerbiaZijinMiningandSerbiaZijinCopper;In2022,theunitcostofsalesofmine-producedcopper(excludingKamoa-Kakula)wasRMB19,862/tonne,representinganincreaseof9%comparedwiththesameperiodlastyear.TheCompany’sgrossprofitmarginofmine-producedcopperwas59.53%,representingadecreaseof6.52percentagepointscomparedwiththesameperiodlastyear,mainlyduetothedecreaseinmine-producedcopperprices.Mine-producedcopper:productionvolume,unitcostofsales,unitsales

Detailsofmine-producedcopperproductionvolumein2022礦山簡礦山簡20212022VSVS產(chǎn)量（萬噸單位銷售成本（不含卡莫阿，元/噸，右軸 Productionvolume產(chǎn)量（萬噸單位銷售成本（不含卡莫阿，元/噸，右軸銷售單價(jià)（不含卡莫阿，不含稅，元/噸，右軸Unitcostofsales(excludingKamoa,RMB/tonne,銷售單價(jià)（不含卡莫阿，不含稅，元/噸，右軸

bythe

VS VS Unitsalesprice(excludingKamoa,excludingtax,RMB/tonne,rightaxis) 0

KamoaCopper卡莫阿銅業(yè)（卡莫阿銅業(yè)（權(quán)益西藏巨龍銅塞紫金礦SerbiaZijin塞紫金銅Serbia塞紫金銅剛果（金）科盧韋黑龍剛果（金）科盧韋黑龍江多寶福建紫金山金銅阿舍勒銅厄立特里厄立特里亞碧沙礦吉林琿春紫其他礦山合吉林琿春紫其他礦山合

注：因卡莫阿權(quán)益統(tǒng)計(jì)調(diào)整至45%，增加產(chǎn)量5,732噸，調(diào)整2021公告產(chǎn)Note:asthe注：因卡莫阿權(quán)益統(tǒng)計(jì)調(diào)整至45%，增加產(chǎn)量5,732噸，調(diào)整2021公告產(chǎn)AnnualresultsAnnualresultsPositionPositioninthemine-producedgold極地黃金巴理PolyusResources(on極地黃金巴理Polyus

Reserves(onequitybasis)oftheworld'smajorlistedgoldcompaniesin2022/tonne

Mine-producedgoldproductionvolumes(consolidated)oftheworld'smajorlistedgoldcompaniesinThe9thlargestgoldproducerintheworldAsat31December2022,theCompanyowned3,117tonnesofgoldresources,representinganincreaseof31%comparedwithlastyear.TheCompany’sgoldbusinessenteredafastgrowthlane.Theproductionvolumeofmine-producedgoldinChinawas295.4tonnes,whiletheCompanyproduced56.4tonnesofmine-producedgold,

巴理紐蒙特黃巴理紐蒙特黃極地黃金紐克紐克雷斯盎格盎格魯黃金阿格尼科哈莫阿格尼科哈莫紫金礦Zijin金GoldFields,South金自由金羅西班俄羅自由金羅西班俄羅斯多金北極星資奮進(jìn)奮進(jìn)礦

巴理紐巴理紐蒙特黃Polymetal,Polaris

紐克雷斯紐克雷斯阿格尼科金紫金礦Zijin金紫金礦Zijin盎格魯黃金盎格魯黃金自由北極星資哈莫尼黃紫金礦

哈莫金羅哈莫金羅Harmony俄羅斯多金俄羅斯多金北極星資Polaris自由自由奮進(jìn)礦奮進(jìn)礦Endeavour西班西班

紐蒙盎格魯黃金紐蒙盎格魯黃金阿散阿格尼克AgnicoAngloGoldPolyusGoldFields,SouthHarmonyPolymetal,EndeavourZijin極地極地黃南非南非金紐克雷斯紐克雷斯金羅俄羅斯多金屬礦奮進(jìn)礦西班accountingfor19%俄羅斯多金屬礦奮進(jìn)礦西班

Sourceofdata:annualreports;*dataof20212022產(chǎn)量（噸塞紫金銅哥倫20212022產(chǎn)量（噸塞紫金銅哥倫比亞武里蒂隴南紫黑龍江多寶吉爾吉斯斯坦奧同吉林琿春紫塞紫金礦圭亞那奧羅澳大利亞諾頓金洛陽坤山西紫貴州紫塔吉克斯坦?jié)衫蚱渌V山合礦山簡 VSVSMine-producedgold:productionvolumeandIn2022,theCompanyproduced56.4tonnesofmine-producedgold,representinganincreaseof18.8%comparedwiththesameperiodlastyear.Theincrementin2022wasmainlyfromBuriticá,SerbiaZijinMining,Aurora,Norton,LuoyangKunyu,ShanxiZijin,etc.;In2022,theunitcostofsalesofmine-producedgoldwasRMB192/gramme,representinganincreaseof8.8%comparedwiththesameperiodlastyear.TheCompany’sgrossprofitmarginofmine-producedgoldwas47.97%,representingadecreaseof1.49percentagepointscomparedwiththesameperiodlastyear.Mine-producedgold:productionvolume,unitcostofsales,unitsales Unitcostofsales(RMB/gramme,rightUnitsalesprice(RMB/gramme,right 4741 4136 0 56Detailsofmine-producedgoldproductionvolumein2022 Interest bythe SerbiaZijin Norton, Luoyang Shanxi SerbiaZijin Longnan Guizhou Duobaoshan HunchunZijin, Totalofother VSVSAnnualAnnualresultsAnnualAnnualresultsPositionPositioninthemine-producedzinc(lead)Resources(onequitybasis)oftheworld'smajorlistedzinccompaniesin2022/10,000tonnes

Reserves(onequitybasis)oftheworld'smajorlistedzinccompaniesin2022/10,000tonnes

Mine-producedzincproductionvolumes(consolidated)oftheworld'smajorlistedzinccompaniesin2022/10,000tonnes嘉能嘉能印度斯坦印度斯坦鋅馳宏鋅鍺馳宏鋅鍺

嘉能嘉能泰克泰克資

嘉能印度斯坦鋅嘉能印度斯坦鋅HindustanTeckBolidenZijinLundinChihongZincand

印度斯坦鋅泰克資印度斯坦鋅泰克資紫金礦HindustanTeckZijinNexaBolidenChihongZincandLundinWestern

The4thlargestzinc(lead)producerintheworldAsat31December

耐克薩資源耐克薩資源布利

TeckResources泰克資五礦泰克資五礦資布利紫金礦中金紫金礦中金嶺南

紫金礦中紫金礦中金嶺南

布利耐克布利耐克薩資

馳宏馳宏鋅鍺In2022,theproductionvolumeofmine-producedzincinChinawas3.103milliontonnes,whiletheCompanyproduced402thousandtonnesofmine-producedzinc,accountingfor13%ofthe

耐克薩耐克薩資源倫丁礦倫丁礦紐蒙西部礦紐蒙西部礦

五礦資五礦資倫丁礦紐蒙五礦資紐倫丁礦紐蒙五礦資紐蒙倫丁礦倫丁礦馳宏鋅鍺馳宏鋅鍺西部礦 Sourceofdata:annualreports;*dataof2021,dataofZhongjinLingnanistheproductionvolumeofleadandMine-producedzinc:productionvolumeandIn2022,theCompanyproduced400,000tonnesofmine-producedzincand40,000tonnesofmine-producedlead.Theincrementofmine-producedzincin2022wasmainlyfromLongxinginIn2022,theunitcostofsalesofmine-producedzincwasRMB8,017/tonne,representinganincreaseof8.80%comparedwiththesameperiodlastyear.TheCompany'sgrossprofitmarginofmine-producedzincwas48.69%,representinganincreaseof0.82percentagepointcomparedwiththesameperiodlastyear.Mine-producedzinc:productionvolume,unitcostofsales,unitsales產(chǎn)量（萬噸單位銷售成本（元/噸，右軸產(chǎn)量（萬噸單位銷售成本（元/噸，右軸Productionvolume(10,000Unitcostofsales(RMB/tonne,rightUnitsalesprice((taxexcluded,RMB/tonne,rightaxis)銷售單價(jià)（不含稅，元/噸，右軸銷售單價(jià)（不含稅，元/噸，右軸

俄羅斯龍厄立特里亞碧沙礦烏拉特后旗紫礦山簡俄羅斯龍厄立特里亞碧沙礦烏拉特后旗紫礦山簡InterestheldbytheVSVSLongxing,RussiaBisha,EritreaUradRearBannerAsheleCopperZijinTotalofothermines阿舍勒銅紫金阿舍勒銅紫金鋅其他礦山合50

OtherOthermineralsandrefinedIn2022,theCompany’ssilver(includingassociated)resourceandreservesincreasedsignificantly,andtheproductionvolumeofmine-producedsilverwasinaleadingpositioninChina.TheCompanyproduced387tonnesofmine-producedsilver,representinganincreaseof25%comparedwiththesameperiodlastyear.Theincrementofmine-producedsilverin2022wasmainlyfromJulongCopperinTibet.In2022,theCompanyproduced3.35milliontonnesofironore(includingMakengMiningproductiononequitybasis),representingadecreaseof21.09%comparedwiththesameperiodlastMine-producedsilver:productionvolume,unitcostofsales,unitsalesUnitcostofsalesUnitsalesprice權(quán)Detailsofmine-producedsilverproductionvolumein權(quán)

Productionvolume(includingMakengMining,10,000tonnes)Amongwhich:Productionvolume(includingMakengMining,10,000tonnes)Amongwhich:MakengMining’sproductiononequitybasisUnitcostofsalesUnitsalesprice礦山簡礦山簡Mine西藏巨龍銅山西西藏巨龍銅山西紫俄羅斯龍洛陽坤黑龍洛陽坤黑龍江多寶

Interestheldbythe

20212022VSVS 20212022VSVS

UnitcostofUnitcostofUnitcostofRefinedandprocessedgoldtttt厄立特里厄立特里亞碧沙礦阿舍勒銅Bisha,EritreaAshele阿舍勒銅福建紫金山金福建紫金山金銅其他礦山合總GoldMine,FujianTotal其他礦山合總

AnnualAnnual

Annualresults AnnualAnnualresultsAnnualAnnualresultsKeyKeycopper KamoaCopper Resources:Resources:43.12milliontonnesofProductionvolumein2022:333thousandtonnesofcopper(on100%equitybasis),amongwhich,Zijin'sproductiononequitybasiswas150thousandtonnes.Productionplanin2023:423thousandtonnesofcopper(on100%equitybasis)Cashcostin2022(C1):USD1.39/EBITDAin2022：USD1.39Latest

JulongCopper Resources:18.9milliontonnesofcopper@0.33%,131.43milliontonnesResources:18.9milliontonnesofcopper@0.33%,131.43milliontonnesofsilver@2.51g/t,1.1571milliontonnesofProductionvolumein2022:115thousandtonnesofcopper,2,330tonnesofmolybdenum;Productionplanin152thousandtonnesofcopper,3,940tonnesofmolybdenumNetprofitin2022:RMB2.35512Thejointtechnologicalupgradeandcapacityexpansionplanforphase1and2areexpectedtocompleteinApril2023.Bythen,thecopperoutputwillreach450thousandtonnesperannum,positioningKamoa-Kakulaastheworld’sfourthlargestcopperproducerPhase3expansionandcoppersmelterwithacopperanodeproductioncapacityof500thousandtonnesperannumareexpectedtocompleteconstructionandcommenceproductioninOctober2024.Bythen,theproductioncapacitycanreach620thousandtonnesperannumWhentheproject’sproductioncapacityincreasesto19milliontonnesperannum,itwillbecometheworld’ssecondlargestcopperminingcomplex,withcopperproductionof800thousandtonnesperItisplannedtoimplementtheconstructionofphase2andphase3instages.Amongwhich,thepreparationofthetechnologicalupgradeandproductionexpansionofphase2with200thousandtonnesperdayisunderway.Productioncapacityof350thousandtonnesofmine-producedcopperperannumwillbegenerallyformedby2025;Aftertheconstructionofphase2andphase3isfullycompleted,theminingandprocessingvolumewillbearound200milliontonnesoforeperannumandoutputofcopperwillbe600thousandtonnesperannumKeyKeycopper ?ukaruPekiCopperandGold Resources:Resources:UpperZone:1.45milliontonnesofcopper@2.63%,76tonnesofgold@1.37LowerZone:18.55milliontonnesofcopper@0.76%,385tonnesofgold@0.16Productionvolumein2022:111thousandtonnesofcopper,4.7tonnesofgold;Productionplanin2023:120thousandtonnesofcopper,5.1tonnesofgoldNetprofitin2022:RMB4.50131Latest

BorCopper Resources:10.79milliontonnesofcopper@0.45%;380tonnesofResources:10.79milliontonnesofcopper@0.45%;380tonnesofgold@0.16g/tProductionvolumein2022:93thousandtonnesofcopper,2.6tonnesofProductionplanin2023:120thousandtonnesofcopper,2.4tonnesofNetprofitin2022:RMB1.89151Thepre-feasibilitystudyofthedesignoflarge-scalecavingmethoddevelopmentatLowerZonehasbeencompleted.PreliminaryworkandlicenceapplicationareImplementingthetechnologicalupgradeandexpansionprojectattheLowerZoneandBorCopperMine.By2025,theproductioncapacityofmine-producedcopperwillreach300thousandtonnesperannumingeneral,whichisexpectedtobecomethesecondlargestcopperproducerinEurope.

TechnologicalupgradeandexpansionprojectoftheVKMinewascompletedTheminingmethodoftheJMMinechangesfromthefillingmethodtothecavingmethod,strivingtocompleteconstructionandcommenceproductionbytheendof2025;Constructionforexpansionandtechnologicalupgradeofthesmelterplantwasbasicallycompletedbytheendof2022andproductioncommencementisexpectedinthefirstquarterof2023.KeyKeygoldprojectsinResources:322tonnesofgold@6.61g/t;1,124tonnesofsilver@23.12Resources:366tonnesofgold@0.90g/tProductionvolumein2022:5.5Resources:322tonnesofgold@6.61g/t;1,124tonnesofsilver@23.12Resources:366tonnesofgold@0.90g/tProductionvolumein2022:5.5tonnesofgoldProductionplanin8.0tonnesofResources:114tonnesofgold@1.86g/tProductionvolumein2022:7.7tonnesofgold;Productionplanin2023:8.2tonnesofNetprofitin2022:RMB211.02Productionvolumein2022:7.7tonnesofgold;Productionplanin2023:8.2tonnesofNetprofitin2022:RMB211.02millionNetprofitin2022:RMB86.91Productionvolumein2022:2.1tonnesofgoldProductionplanin5.45tonnesofTechnologicalupgradewithaminingandprocessingcapacityof4,000tonnesperdayiscompleted.Theprojectcanproducemorethan8tonnesofgoldperannum.

HeapleachprojectoftheBinduliGoldThe5milliontonnesperannumlow-gradegoldmineheapleachprojectcompletedconstructionandcommencedproductioninSeptember2022.Afterreachingthedesignatedproductioncapacity,theextragoldmetalproductionwillbeapproximately2.5tonnesperannum;RefractorygoldoreTheconstructionoftherefractorygoldmineprojectisbasicallycompleted,whichcanfurtherextendtheservicelifeofthePaddingtonMill.

The6,000tonnesperdaytechnologicalupgradeandexpansionprojectoftheintellectualisedminingandprocessingwillcompleteconstructioninthesecondquarterof2023,withanadditionalgoldproductionof3to4tonnesperannum.NewlyNewlyacquiredgoldResources:60.06tonnesofgold@2.58g/t;Therearealsolow-grademarginaleconomicresources59.44tonnes@1.12 RosebelGoldResources:60.06tonnesofgold@2.58g/t;Therearealsolow-grademarginaleconomicresources59.44tonnes@1.12Resources:217Resources:217tonnesofgold@1.11g/tResources:562tonnesofgold@4.2g/tProductionvolumein2022:7.7tonnesofgoldProductionplaninProductionvolumein2022:7.7tonnesofgoldProductionplanin6.1tonnesofgold(fromFebruarytoDecemberShareholdingproportion:TheCompanydirectlyholds30%,aswellas20%equityinterestinZhaojinMining.ActualinterestheldbytheCompanyis44%Oneofthelargestin-productionopen-pitgoldminesinSouthAmerica;Theconstructionscaleoftechnologicalupgradeisplannedtobe10milliontonnesperannum.Theaveragegoldproductionvolumeoftheprojectisexpectedtobe10tonnesperannumwhenitcompletesconstructionandreachesthedesignatedproductioncapacity.

ConstructionplanningoftheHaiyuGoldDesignatedminingandprocessingscaleis12,000tonnesperday.Afteroverallproductioncommences,theminecanproduceapproximately15to20tonnesofgoldperannumafterreachingthedesignatedproductioncapacity.ThemineisexpectedtobecomethelargestgoldmineinChina.EquityinvestmentsinZhaojinTheCompanyholds20%equityinterestinZhaojinMining,makingitthesecondlargestshareholderofZhaojinMining.Innormalproductionyears,ZhaojinMiningcanproduceapproximately20tonnesofgoldandtheCompany'sgoldproductionvolumeisapproximately4tonnesperannum(onequitybasis)correspondingly.Itisarare,undeveloped100-tonnelevelultra-largegoldmineinChina.Theplannedconstructionscaleoftheprojectis8,000tonnesperday.Theproductoftheprojectisgold-loadedcarbon,withanoutputofapproximately2.76tonnesofgoldperannumaftercompletionofconstructionandreachingthedesignatedproductioncapacity;Theprocessoflicenceapplicationisspeededup.Itisplannedtocommenceconstructioninthesecondquarterof2023andcompleteconstructionandcommenceproductionbytheendof2024.AnnualAnnualAnnualAnnualresultsKeyKeylithium2024andlong-termSalarin

Processingplantcivilengineering,equipmentInFebruary,theprojectteamtookovertheInFebruary,theprojectteamtookovertheprojectonInMarch,thefirstphaseof20,000tonnesperyearprojectofficiallystartedconstruction.InOctober,LiexS.Aproducedthefirstbatchoflithiumcarbonatepilotproducts.InNovember,thesmallpre-concentrationpondwasaheadofschedule,andbrineevaporationwasofficially

Afterbothphase1andphase2projectshavecompletedconstructionandreachedthedesignatedproductioncapacity,itisexpectedthattheproductioncapacityoflithiumcarbonatewillreach40thousandto60thousandtonnesperannum.LakkorTsoSalarin

InOctober,thefirstbatchofbattery-gradelithiumhydroxidepilotproductswasproduced.

Phase1oftheproject,withanoutputof20,000tonnesofbatterygradelithiumhydroxideperannum,isanticipatedtocompleteconstructionandcommenceproductionbytheendof2023.InOctober,thesemi-industrialtestoflithiumextractionfromthebrinewasofficiallylaunched.InApril2022,theCompanyacquiredanassetbundleconsistingoffourassetsheldbyDunAnGroup,including70%interestintheLakkorInOctober,thesemi-industrialtestoflithiumextractionfromthebrinewasofficiallylaunched.InApril2022,theCompanyacquiredanassetbundleconsistingoffourassetsheldbyDunAnGroup,including70%interestintheLakkorTsoSaltLakeLithiumMineinTibet,theconsiderationofwhichwasRMB4.897billion.

InOctober2021,theCompanyacquiredNeoLithiumCorp.inCanadawithaconsiderationofCAD$960million.Afterbothphase1andphase2projectshavecompletedconstructionandreachedthedesignatedproductionInOctober2021,theCompanyacquiredNeoLithiumCorp.inCanadawithaconsiderationofCAD$960million.MineinInJune2022,theCompanyinvestedRMB1.799billiontoacquire71.1391%equityinterestinHoudaoMining,whichholds100%interestoftheXiangyuanLithiumPolymetallicMine.Phase1oftheproject,withaproductionscaleof300thousandtonnesperannumcompletedconstructionandcommencedproduction;Phase2oftheproject,withaproductionscaleof5milliontonnesperannum,isproactivelyprogressed.InDecember,thechangeoftheminingpermitwascompleted,andtheprojectdevelopmentapprovalreplyfortheproductionscaleof300thousandtonnesperannumwasreceived.Phase1oftheproject,withproductionscaleof300thousandtonnesperannum,completedconstructionandcommencedproductionItisexpectedthattheminewillhavealongtermproductioncapacityof40thousandto50thousandtonnesoflithiumcarbonateperannum.Productionplanin2023:2,000tonnesof“two“twolakes,onemine”acceleratedandstrivetobecometheworld'sadvancedandimportantlithiumproducerLongAnnualresultsAnnualresultsProductionProductionguidanceandproductionplanforkeyminesinMine-producedMine-producedMine-producedzincMine-producedLithium -3RefinedRefinedRefinedgoldasSulphuricPowergeneratedgreenInlightofthecomplexityandvolatilityinmarketenvironment,theplanstatedhereinisforindicativepurposeonly,whichisuncertainanddoesnotconstituteanycommitmenttotherealisationoftheproductionvolume.TheCompanymayadjusttheplanbasedonchangesinactualcircumstances.Investorsareadvisedtopayattentiontotherelevantrisks.heldbytheGroupguidanceheldbytheGroupguidanceforJulongCopper,CopperMine（on100%SerbiaZijinSerbiaZijinCopperMineCopperandGoldMineheldbytheGroupguidanceforBuriticáGoldSerbiaZijinAurora,Norton,ShanxiSerbiaZijinLongnanGuizhouZeravshan,RosebelGoldZhaojin4（outputonequitybasis）

Productionguidanceofmine-producedgoldandmineswithincrements(tonnes)）&）&）copperinKamoa(onequitySerbiaZijinMiningandSerbiaZijincopperinKamoa(onequitycopperinin2022Shanxiin2023in2025AnnualResultsAnnualAnnualResultsAnnualresultsMajorMajorworkprogressofZijinMining’sESGworkinUpgradedthesustainabilitysectionoftheofficialwebsite,discloseddetailedESGpolicies,philosophyanddataintheofficialwebsite,ESGreportislinkedtoofficialwebsiteThenumberofESGdataindicatorsdisclosedreached253,anincreaseof16.1%year-on-yearEnhancedthecontentonhumanrights,climatechangeandclosure,strengthenESGriskanalysisacrossallActivelypromotedlowcarbonCarriedoutsystematicworksuchascarbonfootprintverificationandconstructionofcarbonneutralexperimentalbasetoaddressclimate16minesformulatedlowcarbontransitionplanningIssuedTheActionProgrammeonClimateChangewhichisinlinewiththeTCFDframeworkImplementationof

GovernanceEnvironmentalTheActionProgrammeonClimateChangeofZijinMining

OurWeareabletoputESGconceptsintopractice,ratherthanjustapackagingforESGbusinesscapabilities,qualityandstandardswillimproveconstantlytohelptheCompanygohigherandfurther.100%ofminingcompaniesincorporatedESGworkintoshort-termbusinessBenchmarkedwithinternationaloutstandingminingenterprises,decomposedandassignedESGworkaroundthetarget-performanceCarriedoutESGreviewsofsubsidiaries,integrateESGindicatorsintotraditionalenvironmentalprotectionandsafetyinspections,andpromotetheconstructionofESGsystemsinsubsidiariesBeaboosterforclimateBeaprotectoroftheBeafamilytrustedbyourPracticecommonCorporateProportionofCorporateProportionofESGindicatorsinseniormanagement’sremunerationappraisalProportionofindependentdirectorsandnon-executiveProportionofESG-relatedproposalsamongtheproposalsreviewedbytheBoardofDirectorsProportionoffemaleClearremunerationappraisalforseniormanagementOnthebasisofincorporatingESGintoperformanceappraisal,theCompanyhasmadeclearthatESGappraisalfactorsshallnotbelowerthan20%intheremunerationappraisalFurtherenhancethestructurewithZijinTheindependenceoftheboardofdirectorshasbeenfurtherimproved:theproportionofindependentdirectorshasincreased;theauditandinternalcontrolcommittee,thenominationandremunerationcommitteeareallchairedbyindependentdirectorsThesupervisorycommitteehasanexecutivebodytoensuretheindependenceoftheinternalsupervisionsystem:theCompany’ssupervisionandauditofficeisdirectlyunderthesupervisorycommittee,andwillsendsupervisorypersonneltostationineachproject.Thiswillmaintaintheindependenceoftheinternalsupervisionsystem,whilerealisingafullcoverageofsupervision.IndependentsupervisionandeffectivesupervisionmechanismarefurtherFurtherenhancediversity2newmembershavejoinedtheboardofdirectors,including1female,andthenumberoffemaledirectorshasincreasedto2,including1executivedirectorand1independentdirector,respectively;2newmembershavejoinedthesupervisorycommittee,includingBeanissuerwithBeaboosterforclimateBeaprotectoroftheBeafamilytrustedbyourPracticecommonBeanissu