(Kitco News) - Chinese mining giant Zijin Mining Group reported yesterday that the company mined 410,190 tonnes of copper in H1 2022, representing an increase of 70.47% compared with the same period last year (H1 2021: 240,626 tonnes).
The company added it mined 27,031kg (869,078 ounces) of gold in H1 2022, representing an increase of 22.79% compared with the same period last year (H1 2021: 22,015kg).
The company also mined 202,716 tonnes of zinc, up 3.23% compared with the same period last year (H1 2021: 196,365 tonnes), as well as 183,602kg of silver, up 10.12% compared with the same period last year (H1 2021: 166,725kg).
During the reporting period, the company realized an operating income of RMB132.458 billion (~US$19.6 billion), representing an increase of 20.57% compared with the same period last year (H1 2021: RMB109.863 billion).
Importantly, the company said that net profit attributable to owners of the parent company amounted to RMB12.630 billion (~US$1.9 billion), representing an increase of 89.95% compared with the same period last year (H1 2021: RMB6.649 billion).
However, in its report, Zijin expressed concerns about global economic recession, and said that the prices of the company’s major metal products are under pressure.
Importantly, the company noted that geopolitical turmoil has intensified, increasing the security risk of global supply chain and industrial chain.
Zijin Mining is a multinational mining group focused on exploration and development of gold, copper and other mineral resources globally. The company owns significant mining investment projects in 12 overseas countries and 14 provinces (regions) in China.
|
| Gold miner K92 reports record cash balance, mine and mill throughput in second quarter |
