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8 stories mentioning SHA:601899Updated 1d ago

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Asia

Zijin Gold Scraps $4 Billion Allied Gold Buyout, Opts For 9.2% Stake Purchase

Zijin Gold (HKG:2259) has terminated the planned $4 billion acquisition of Allied Gold after concluding the deal was unlikely to close by the July 29 deadline, according to a Wednesday Hong Kong bourse filing.Instead, the company agreed to subscribe for 12.8 million newly issued Allied Gold shares through a private placement at CA$32.55 per share, for a total investment of $295 million.The transaction will give Zijin Gold International a roughly 9.2% stake in the Canadian gold miner.The companies stated that neither party will pay a termination fee.The share subscription remains subject to approvals from the Toronto Stock Exchange and the New York Stock Exchange, as well as other customary closing conditions.

HKG:2899SHA:601899
Asia

Market Chatter: Zijin Starts Lithium Concentrate Shipments From DRC Project

Zijin Mining Group (SHA:601899, HKG:2899) has initiated lithium concentrate exports from its Manono operation in the Democratic Republic of Congo, with all cargoes destined for China, Reuters reported Thursday, citing five sources close to the matter.The outbound shipments commenced in June as scheduled, though current volumes appear limited, the newswire said.The company aims to reach 30,000 tons of lithium carbonate equivalent from the site this year, Reuters added.Zijin did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:2899SHA:601899
Asia

Zijin Mining Forecasts 68% Boost in H1 Profit

Zijin Mining Group (SHA:601899, HKG:2899) expects attributable profit of 39.1 billion yuan for the first half of 2026, up 68% from a year prior.The miner attributed the forecast mainly to advancement in all its main businesses, as well as a significant rise in the sales prices and profits of certain products, according to a Thursday Hong Kong bourse filing.

HKG:2899SHA:601899
Asia

Market Chatter: China Taps State-Backed Commission to Manage Overseas Mining Deals

Beijing has tasked the National Development and Reform Commission (NDRC) to manage the coordination of its overseas metals and mining deals, Bloomberg News reported Thursday, citing sources.Guangyan International Investment, which is owned by state firm China Minmetals, will invest in projects, as well as offer support on compliance and the planning of international contracts, the report said.In May, major metals companies, such as Zijin Mining Group (SHA:601899, HKG:2899) and China Baowu Steel Group, were told in a meeting that they would be receiving support from the government for overseas investments, sources told the media outlet.Guangyan International Investment does not have an email address, butreached out to China Minmetals for comment, and they have yet to respond.The NDRC, Zijin and Baowu did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:2899SHA:601899
Asia

Naipu Mining Machinery Enters Three-Year Partnership With Zijin Mining; Shares Jump 6%

Naipu Mining Machinery (SHE:300818) signed a three-year strategic cooperation agreement with Zijin Mining Group (SHA:601899, HKG:2899), effective May 14.Under the deal, the company will supply slurry pumps and wear-resistant parts, with priority order fulfillment during capacity constraints, according to a Monday filing with the Shenzhen bourse.The agreement includes full lifecycle equipment management, joint research and development for extended equipment life, overseas project collaboration and consignment inventory models.Shares of the mining equipment and spare parts distributor rose 6% in recent trade.

HKG:2899SHA:601899SHE:300818
Asia

S&P Raises Zijin Mining's Outlook to Positive; Shanghai Shares Down 3%

S&P Global Ratings affirmed Zijin Mining Group's (SHA:601899, HKG:2899) BBB rating and raised the outlook to positive from stable.The positive outlook reflects the rating agency's view that Zijin Mining will deliver rising output from its projects in the next two years and its policy of controlling debt to EBITDA and resilient metals prices will keep the ratio below 1.5x, according to a Tuesday research note..Zijin Mining's stronger cash flow, which is expected to continue into 2026, will somewhat cushion its elevated investments, S&P said.Shares of the miner were down 3% on the Shanghai bourse and 2% on the Hong Kong bourse.

HKG:2899SHA:601899
Asia

Zijin Gold International's Profit, Revenue Surge in Q1; Shares Down 3%

Zijin Gold International (HKG:2259) booked $807.3 million in profit attributable to owners for the first quarter of 2026, up from $166.3 million a year earlier, according to a Hong Kong bourse filing on Tuesday.Shares of the gold miner fell nearly 3% in late-morning trade on Wednesday.Revenue surged to $2.06 billion from $864.9 million a year earlier, figures showed, the unit of Zijing Mining (SHA:601899, HKG:2899) said.

HKG:2259HKG:2899SHA:601899
US Markets

CATL's Q1 Profit Surges 49%, Beats Estimates; Directors Approve New Subsidiary

Contemporary Amperex Technology's (SHE:300750, HKG:3750) net profit attributable to shareholders in the first quarter rose 49% to 20.74 billion yuan from the year-ago profit of 13.96 billion yuan, according to a Wednesday filing with the Hong Kong bourse.The growth rate is higher than the estimated 21% rise in a poll of three analysts compiled by LSEG, Reuters reported Wednesday.Earnings per share at the world's largest battery maker climbed 44% year on year to 4.58 yuan from 3.18 yuan.The rise highlights the company's market dominance despite a slowdown in demand for electric vehicles in China, Reuters reported Wednesday.However, the war in Iran could boost demand for EVs elsewhere, the Wall Street Journal reported the same day, citing analysts at HSBC (HKG:0005).Operating revenue jumped 52% to 129.13 billion yuan from 84.70 billion yuan in the previous year.Analysts expected a 36% increase in revenue, Reuters said.CATL directors also approved the creation of a new energy mineral resource subsidiary with a capital of 30 billion yuan, according to a separate disclosure to the Shenzhen bourse on Wednesday.The planned subsidiary, to be named Times Resources Group (Xiamen), will explore mineral resources, process metal, and sell chemical products.The unit will act as the battery giant's investment and operations platform for the new-energy minerals, CATL said in its disclosure.CATL could be among those well-positioned to capture the next phase of growth in energy storage due to the battery giant's expanding energy storage system exposure, the Wall Street Journal said, citing HSBC.The company earlier tapped Zijin Mining Group (HKG:2899, SHA:601899) founder and former chairman Chen Jinghe to advise the battery giant on its mining business, Bloomberg reported April 7, citing people familiar with the matter.Meanwhile, CATL is also looking to have itself removed from the Pentagon's blacklist, or those with ties to China's military, to increase its U.S. prospects, Bloomberg reported separately Wednesday.

HKG:2899HKG:3750SHA:601899SHE:300750

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