紫金矿业 2022年年度报告

2022年度业绩报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铜金锌（铅铜金锌（铅铜金锌（铅铜金锌（铅GrossprofitoftheGroupRMB42.5billionSilver,Silver,ironoreand Silver,ironoreandPositionPositioninthemine-producedcopperThe6thlargestcopperproducerinthe泰克资波兰铜业第一量子Asat31泰克资波兰铜业第一量子俄洛阳钼哈萨克矿业俄洛阳钼哈萨克矿业

Resources(onequitybasis)oftheworld'smajorlistedcoppercompaniesin2022/10,000tonnes必和必智利国家铜必和必智利国家铜业南方铜SouthernRioAngloZijinTeckKHGMFirstNorilskKAZ自由自由力力嘉能英美资嘉能英美资紫金矿

Reserves(onequitybasis)oftheworld'smajorlistedcoppercompaniesin2022/10,000tonnes智利国家铜智利国家铜业SouthernCopperZijinFirstAngloKHGMRioNorilskKAZTeck自由自由南方铜南方铜必和必必和必紫金矿第一量紫金矿第一量子嘉能

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国家铜业SouthernZijin力波兰铜安托法加斯英美资力波兰铜安托法加斯英美资第一量紫金矿南方铜安托法加斯英美资波兰铜业力俄镍FirstAngloKHGMRioNorilskKAZ洛阳钼哈萨克矿俄五矿资哈萨克矿业泰克资安托法加斯洛阳钼Sourceofdata:annual洛阳钼哈萨克矿俄五矿资哈萨克矿业泰克资安托法加斯洛阳钼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矿山简矿山简20212022VSVS产量（万吨单位销售成本（不含卡莫阿，元/吨，右轴 Productionvolume产量（万吨单位销售成本（不含卡莫阿，元/吨，右轴销售单价（不含卡莫阿，不含税，元/吨，右轴Unitcostofsales(excludingKamoa,RMB/tonne,销售单价（不含卡莫阿，不含税，元/吨，右轴

bythe

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

KamoaCopper卡莫阿铜业（卡莫阿铜业（权益西藏巨龙铜塞紫金矿SerbiaZijin塞紫金铜Serbia塞紫金铜刚果（金）科卢韦黑龙刚果（金）科卢韦黑龙江多宝福建紫金山金铜阿舍勒铜厄立特里厄立特里亚碧沙矿吉林珲春紫其他矿山合吉林珲春紫其他矿山合

注：因卡莫阿权益统计调整至45%，增加产量5,732吨，调整2021公告产Note:asthe注：因卡莫阿权益统计调整至45%，增加产量5,732吨，调整2021公告产AnnualresultsAnnualresultsPositionPositioninthemine-producedgold极地黄金巴理PolyusResources(on极地黄金巴理Polyus

Reserves(onequitybasis)oftheworld'smajorlistedgoldcompaniesin2022/tonne

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

巴理纽蒙特黄巴理纽蒙特黄极地黄金纽克纽克雷斯盎格盎格鲁黄金阿格尼科哈莫阿格尼科哈莫紫金矿Zijin金GoldFields,South金自由金罗西班俄罗自由金罗西班俄罗斯多金北极星资奋进奋进矿

巴理纽巴理纽蒙特黄Polymetal,Polaris

纽克雷斯纽克雷斯阿格尼科金紫金矿Zijin金紫金矿Zijin盎格鲁黄金盎格鲁黄金自由北极星资哈莫尼黄紫金矿

哈莫金罗哈莫金罗Harmony俄罗斯多金俄罗斯多金北极星资Polaris自由自由奋进矿奋进矿Endeavour西班西班

纽蒙盎格鲁黄金纽蒙盎格鲁黄金阿散阿格尼克AgnicoAngloGoldPolyusGoldFields,SouthHarmonyPolymetal,EndeavourZijin极地极地黄南非南非金纽克雷斯纽克雷斯金罗俄罗斯多金属矿奋进矿西班accountingfor19%俄罗斯多金属矿奋进矿西班

Sourceofdata:annualreports;*dataof20212022产量（吨塞紫金铜哥伦20212022产量（吨塞紫金铜哥伦比亚武里蒂陇南紫黑龙江多宝吉尔吉斯斯坦奥同吉林珲春紫塞紫金矿圭亚那奥罗澳大利亚诺顿金洛阳坤山西紫贵州紫塔吉克斯坦泽拉夫其他矿山合矿山简 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锌驰宏锌锗驰宏锌锗

嘉能嘉能泰克泰克资

嘉能印度斯坦锌嘉能印度斯坦锌HindustanTeckBolidenZijinLundinChihongZincand

印度斯坦锌泰克资印度斯坦锌泰克资紫金矿HindustanTeckZijinNexaBolidenChihongZincandLundinWestern

The4thlargestzinc(lead)producerintheworldAsat31December

耐克萨资源耐克萨资源布利

TeckResources泰克资五矿泰克资五矿资布利紫金矿中金紫金矿中金岭南

紫金矿中紫金矿中金岭南

布利耐克布利耐克萨资

驰宏驰宏锌锗In2022,theproductionvolumeofmine-producedzincinChinawas3.103milliontonnes,whiletheCompanyproduced402thousandtonnesofmine-producedzinc,accountingfor13%ofthe

耐克萨耐克萨资源伦丁矿伦丁矿纽蒙西部矿纽蒙西部矿

五矿资五矿资伦丁矿纽蒙五矿资纽伦丁矿纽蒙五矿资纽蒙伦丁矿伦丁矿驰宏锌锗驰宏锌锗西部矿 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产量（万吨单位销售成本（元/吨，右轴产量（万吨单位销售成本（元/吨，右轴Productionvolume(10,000Unitcostofsales(RMB/tonne,rightUnitsalesprice((taxexcluded,RMB/tonne,rightaxis)销售单价（不含税，元/吨，右轴销售单价（不含税，元/吨，右轴

俄罗斯龙厄立特里亚碧沙矿乌拉特后旗紫矿山简俄罗斯龙厄立特里亚碧沙矿乌拉特后旗紫矿山简InterestheldbytheVSVSLongxing,RussiaBisha,EritreaUradRearBannerAsheleCopperZijinTotalofothermines阿舍勒铜紫金阿舍勒铜紫金锌其他矿山合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权Detailsofmine-producedsilverproductionvolumein权

Productionvolume(includingMakengMining,10,000tonnes)Amongwhich:Productionvolume(includingMakengMining,10,000tonnes)Amongwhich:MakengMining’sproductiononequitybasisUnitcostofsalesUnitsalesprice矿山简矿山简Mine西藏巨龙铜山西西藏巨龙铜山西紫俄罗斯龙洛阳坤黑龙洛阳坤黑龙江多宝

Interestheldbythe

20212022VSVS 20212022VSVS

UnitcostofUnitcostofUnitcostofRefinedandprocessedgoldtttt厄立特里厄立特里亚碧沙矿阿舍勒铜Bisha,EritreaAshele阿舍勒铜福建紫金山金福建紫金山金铜其他矿山合总GoldMine,FujianTotal其他矿山合总

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 ČukaruPekiCopperandGold 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