- Business
- Zhaojin Mining Industry Company Limited (1818.HK) is a leading Chinese gold producer engaged in gold exploration, mining, processing, beneficiation, smelting and sales; copper mining and smelting; and other ancillary operations including investment activities, finance, hotel and catering, and engineering design and consulting. The company produces standard Au9999 and Au9995 gold bullions, silver and crude copper as by-products, with principal operations centered on the Zhaoyuan Gold Mine Cluster in Shandong Province including the Dayingezhuang Gold Mine, and additional mines in Gansu, Xinjiang, Inner Mongolia, Heilongjiang, and overseas projects in Australia, Côte d'Ivoire, Sierra Leone and Ecuador. Incorporated in the People's Republic of China in 2004 and listed on the Hong Kong Stock Exchange in 2006, Zhaojin Mining is headquartered in Zhaoyuan City, Shandong Province, known as China's Gold Capital, and holds recoverable gold reserves of approximately 16.6 million ounces and mineral resources of 49.5 million ounces as of late 2024. Recent developments include the finalization in June 2024 of its full acquisition of Australian Tietto Minerals Limited, adding the Abujar gold mine project with 1.36 million ounces of reserves and 3.83 million ounces of resources; acquisition of a 60% stake in the Kowloon gold mine for CNY 180 million in June 2024; a US$30 million cornerstone investment agreement in September 2025 with Zijin International, a subsidiary of Zijin Mining, its second largest shareholder since 2022; renewal of gold concentrates agreements with parent Shandong Zhaojin Group in October 2025; and a strategic collaboration memorandum with Ant Digital Technologies in November 2025. The company, a subsidiary of Shandong Zhaojin Group, continues to expand its national and international footprint through mergers, acquisitions and exploration to bolster gold reserves and production.