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Zijin Mining’s Overseas Yield And Profit Fully Outperforming Domestic Situation

“Fujian Enterprises ‘Going Global’ Risk Management Forum” was held in Fuzhou on Feb., 22. This forum is dedicated to raising enterprise awareness of risk management when making oversea investment and guiding more enterprises to join in constructions in OBOR countries. Mr. Chen Jinghe, chairman of Zijin Mining, was invited to give a speech: “An important choice for Chinese enterprises to realize sustainable development: Going global”, during which he shared his knowledge and experience of Zijin’s “going global”.

Chen Jinghe pointed out that there are plenty of opportunities in OBOR countries and our government has provided great support for enterprises to “go global”. A basic belief of Zijin for the past 25 years of making development is to closely keep pace with calls of our country. In the process of active engagement and practice, enterprises make efforts to realize leapfrog development. Therefore, conforming to national initiatives is very important in our future development and success.

Chen Jinghe shared valuable experience in Zijin’s “going global” strategy. In recent years, Zijin Mining seized opportunities to make swift development in the times when metal prices were very low years ago, running ahead in this industry. In the near future, Zijin Mining’s overseas yield and profit will fully outperform domestic situation, becoming a real big transnational enterprise.

Chen Jinghe mentioned that innovation spirit and technology capability are vital factors for Zijin’s development. Zijin Mining owns the only one national key laboratory in domestic gold industry, with world-advanced or even more competitive independent R&D capability. This paved favorable roads for Zijin to “go global”.

Zijin has five aspects of experience of “going global”: to keep searching for and creating comparative advantages to realize sustainable development; marketized enterprises need to make active progress to scale new heights via continuous innovations; Chinese people are diligent and smart. We are born to do business in mining. As long as we are equipped with fundamental strengths and grasp core technology, strictly obey local regulations and conventions, stick to moral bottom line, apply scientific decisions and management, we are very likely to be successful; we need to combine outstanding corporate culture of Chinese companies with local practical situation and hold the belief of making mutual-development, so as to win the understanding and support from all fields; we should build up technical self-confidence. We learn western advanced management experience but never follow them blindly. We should build up capability self-confidence. Being neither humble nor pushy, we are making steady progress.