On April 21, Zijin Mining Group Co., Ltd. released its first quarter report for 2026. During the reporting period, the company achieved operating revenue of 98.498 billion yuan, a year-on-year increase of 24.79% compared to 78.928 billion yuan in the same period last year; total profit reached 31.584 billion yuan, a year-on-year increase of 115.03%; net profit was 25.166 billion yuan, a year-on-year increase of 101.90%. In the lithium segment, the company achieved lithium carbonate equivalent production of 16,000 tons. Several lithium mine projects are steadily ramping up capacity, and the northeastern project of the Manono Lithium Mine is expected to be completed and commence production in June 2026.

The lithium mine Zijin Mining Group Co. plans to open this year in the Democratic Republic of Congo is set to be one of the world’s biggest suppliers of the battery metal.The Chinese company – which has grown at breakneck speed to become a top producer of copper and gold – has been developing the Manono lithium project in southeastern Congo since it secured the prized deposit in 2023.

Recently, Zijin Mining Group Co., Ltd. issued an announcement on its three-year (2026-2028) production plan for major mineral products and its long-term vision outline for 2035. The announcement shows that the production of ore-derived zinc (lead) reached 400,000 mt in 2025, is expected to remain flat at 400,000 mt in 2026, and is planned to reach 400,000-450,000 mt in 2028.

On June 16, the case of Zijin Mining Group Co., Ltd. and Ajlan & Bros Mining Company establishing a new joint venture entered the public announcement period, which will last from June 16, 2025, to June 25, 2025. According to the public announcement form for simplified cases of concentration of undertakings, Zijin Mining, through Gold Merit International Investment Company Limited, signed a Joint Venture Agreement with Ajlan & Bros Mining, proposing to establish a joint venture in Saudi Arabia. The main business of the joint venture will involve the exploration and potential mining of potential mineral reserves (including zinc, copper, and gold) associated with the Jabal Sayid mineralized zone in Saudi Arabia, as well as the operation, management, and development of mines, and the production and sale of minerals.

On June 16, the case of Zijin Mining Group Co., Ltd. and Ajlan & Bros Mining Company establishing a new joint venture entered the public notification period, which runs from June 16, 2025, to June 25, 2025. According to the Notification Form for Simplified Cases of Concentration of Undertakings, Zijin Mining, through Gold Merit International Investment Company Limited, signed a Joint Venture Agreement with Ajlan & Bros Mining, proposing to establish a joint venture in Saudi Arabia. The main business of the joint venture will involve exploring and potentially mining potential mineral reserves (including zinc, copper, and gold) associated with the Jabal Sayid mineralized zone in Saudi Arabia, as well as the operation, management, and development of mines, and the production and sale of minerals.

[Leading Lithium Miner Plans to Spin Off Subsidiary for Listing in Hong Kong] On May 26, Zijin Mining Group Co., Ltd. (hereinafter referred to as "Zijin Mining") announced that it intends to spin off its holding subsidiary, Zijin Gold International Co., Ltd. (hereinafter referred to as "Zijin Gold International"), for listing on the Main Board of the Hong Kong Stock Exchange. The offering will be conducted through a Hong Kong public offering and international placement. The number of shares to be issued in this spin-off and listing will not exceed 15% of the total share capital of Zijin Gold International after the issuance (before the exercise of the over-allotment option). Prior to the implementation of this spin-off, Zijin Mining intends to restructure and integrate multiple overseas gold mine assets under its control into Zijin Gold International. The relevant restructuring work is currently still in progress.