China $63 Billion Largest Gold & Copper Mining Group Zijin Mining Announced Confirmation of China Largest Copper Reserves at Julong Copper Mine, Zijin Mining Has 50.1% Shareholding in Julong Copper Mine
5th July 2024 | Hong Kong
China largest gold & copper mining group Zijin Mining Group (5/7/24: $63 billion market value) has announced the confirmation of China largest copper reserves at Julong Copper Mine. Zijin Mining Group has 50.1% shareholding in the Julong Copper Mine. In 2024 April, Zijin Mining Group share price had increased +415% over the last 5 years to $64 billion (CNY 464 billion) market value with rising gold & copper prices. In 2024, Zijin Mining Group share price had increased +47% (12/4/24). In 2024 April, Gold price was at $2,395 per oz, and increased +18.5% in the last 12 months & +84.4% in the last 5 years. Zijin Mining is a large multinational mining group. We are engaged in the global exploration and development of copper, gold, zinc and lithium projects, as well as engineering and technological research. Our shares trade on the Hong Kong Stock Exchange under the ticker code 2899, and on the Shanghai Stock Exchange under the code 601899. As an important player in the global mining industry, Zijin Mining strives to become a “green, high-tech, leading global mining company”. We contribute to global economic growth and sustainable development by producing and supplying high-quality minerals. In 2024 March, China approved a $2.4 billion (CNY 17.5 billion) plan for the world largest copper mine, expanding the Julong Copper Mine in Qinghai-Tibet Plateau to increase daily mining capacity from 150,000 tons to 350,000 tons. The 2 largest investors are Zijin Mining Group with 50.1% shareholding and Zangge Mining with 30.8% shareholding.
“ China $63 Billion Largest Gold & Copper Mining Group Zijin Mining Announced Confirmation of China Largest Copper Reserves at Julong Copper Mine, Zijin Mining Has 50.1% Shareholding in Julong Copper Mine “
China Largest Gold & Copper Mining Group Zijin Mining Share Price Increased +415% Over 5 Years to $64 Billion Market Value with Rising Gold & Copper Prices, Zijin Mining Share Price 2024 YTD Increased +47%
12th April 2024 – China largest gold & copper mining group Zijin Mining Group share price had increased +415% over the last 5 years to $64 billion (CNY 464 billion) market value with rising gold & copper prices. In 2024, Zijin Mining Group share price had increased +47% (12/4/24). Gold price is currently at $2,395 per oz, and has increased +18.5% in the last 12 months & +84.4% in the last 5 years. Zijin Mining is a large multinational mining group. We are engaged in the global exploration and development of copper, gold, zinc and lithium projects, as well as engineering and technological research. Our shares trade on the Hong Kong Stock Exchange under the ticker code 2899, and on the Shanghai Stock Exchange under the code 601899. As an important player in the global mining industry, Zijin Mining strives to become a “green, high-tech, leading global mining company”. We contribute to global economic growth and sustainable development by producing and supplying high-quality minerals. In 2024 March, China approved a $2.4 billion (CNY 17.5 billion) plan for the world largest copper mine, expanding the Julong Copper Mine in Qinghai-Tibet Plateau to increase daily mining capacity from 150,000 tons to 350,000 tons. The 2 largest investors are Zijin Mining Group with 50.1% shareholding and Zangge Mining with 30.8% shareholding.
China Approves $2.4 Billion Plan for World Largest Copper Mine, Expands Julong Copper Mine in Qinghai-Tibet Plateau to Increase Daily Mining Capacity from 150,000 Tons to 350,000 Tons, 2 Largest Investors are Zijin Mining Group with 50.1% & Zangge Mining with 30.8% Shareholding
3rd March 2024 – China has approved a $2.4 billion (CNY 17.5 billion) plan for the world largest copper mine, expanding the Julong Copper Mine in Qinghai-Tibet Plateau to increase daily mining capacity from 150,000 tons to 350,000 tons. The 2 largest investors are Zijin Mining Group with 50.1% shareholding and Zangge Mining with 30.8% shareholding. In February 2024, China regional lender Bank of Guiyang filed a lawsuit against China billionaire & copper tycoon Wang Wenyin Amer International Group unit to recover $239 million (CNY 1.7 billion) of unpaid loans. Amer International Group unit Guizhou International Commodity Supply Chain Management Co. had received the loan in 2021, with parent Amer & founder Wang Wenyin providing guarantees to the loan. In September 2023, China billionaire & copper tycoon Wang Wenyin of Amer New Material ban had been lifted China court from high-end & non-essential spending due to contract disputes. Wang Wenyin was allowed to spend only on daily life & work essentials, including not able to take planes & stay in star-rated hotels.
China Regional Lender Bank of Guiyang Files Lawsuit Against China Billionaire & Copper Tycoon Wang Wenyin Amer International Group Unit to Recover $239 Million of Unpaid Loans
10th February 2024 – China regional lender Bank of Guiyang has filed a lawsuit against China billionaire & copper tycoon Wang Wenyin Amer International Group unit to recover $239 million (CNY 1.7 billion) of unpaid loans. Amer International Group unit Guizhou International Commodity Supply Chain Management Co. had received the loan in 2021, with parent Amer & founder Wang Wenyin providing guarantees to the loan. In September 2023, China billionaire & copper tycoon Wang Wenyin of Amer New Material ban had been lifted China court from high-end & non-essential spending due to contract disputes. Wang Wenyin was allowed to spend only on daily life & work essentials, including not able to take planes & stay in star-rated hotels.
Hong Kong-Born & Singapore Citizen Philip Chan Man Ping to be Tagged as Politically Significant Person under Foreign Interference Act 2021 Requiring Annual Disclosure of Political Donations of S$10,000 Equivalent to $7,430, Philip Chan Manages Real Estate Portfolio for China Billionaire & Copper Tycoon Wang Wenyin as Managing Director of Wen Way Investments Which is a Property Unit of Amer International Group
10th February 2024 – Hong Kong-born & Singapore citizen Philip Chan Man Ping had received a notice to be tagged as “Politically Significant Person” under Singapore Foreign Interference Act 2021, requiring annual disclosure of political donations of above S$10,000 (equivalent to $7,430). Philip Chan manages real estate portfolio for China billionaire & copper tycoon Wang Wenyin, as the Managing Director of Wen Way Investments (property unit of Amer International Group). The Foreign Interference (Countermeasures) Act (FICA) was passed in Parliament on 4 October 2021. The legislation provides measures to prevent, detect and disrupt foreign interference in our domestic politics conducted through (i) hostile information campaigns (HICs) and (ii) the use of local proxies. The provisions to counteract foreign interference via HICs will take effect from 7 July 2022, while the provisions to counteract foreign interference via local proxies will come into force at a later stage.
China Billionaire & Copper Tycoon Wang Wenyin of Amer New Material Ban Lifted by Court on Restriction of High-End & Non-Essential Spending Due to Contract Disputes, Allowed to Spend only on Daily Life & Work Essentials
9th September 2023 – China billionaire & copper tycoon Wang Wenyin of Amer New Material ban had been lifted China court from high-end & non-essential spending due to contract disputes. Wang Wenyin was allowed to spend only on daily life & work essentials, including not able to take planes & stay in star-rated hotels.
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