Zijin News - With several of its major copper projects beginning production since 2021, Zijin Mining has made significant strides in profitability and cash flow. As a result, credit rating agencies have further upgraded Zijin’s credit ratings this year.

The latest credit ratings of Zijin are: BBB- by Standard & Poor, BBB- by Fitch Ratings, BBBg by China Chengxin (Asia Pacific), AAA by both China Chengxin International and China Lianhe, all with a stable outlook.

As indicated by Standard & Poor and Fitch in their statements on Zijin’s credit ratings, there is good visibility of future growth for Zijin, thanks to the commencement of production or expansion of its key mining operations, such as the Čukaru Peki copper and gold mine and the Bor copper mine in Serbia, the Kamoa-Kakula copper mine in the DRC, and the Julong copper mine in Tibet.

They also suggested that driven by higher production volume of mined copper and gold, low costs, and robust prices in the global commodity markets, Zijin will continue to generate strong operating cash flow, which can support the company’s higher capital expenditure and keep its the debt-to-EBITDA ratio low.

Zijin has also expanded to battery metals, including lithium, and diversified product offerings support Zijin’s business strength.

Zijin hired international rating agencies such as Standard & Poor’s, Fitch Ratings and Moody’s and was awarded investment-grade ratings in 2018, when it was seeking to issue US dollar-dominated bonds overseas. In April 2022, given that all of such bonds have matured and were repaid, Zijin reviewed its need for international credit ratings and applied to Moody’s for the withdrawal of its rating, which Moody’s did in June 2022.

For Zijin Mining, securing higher credit ratings is very important. In 2022, several rating agencies upgraded their ratings of Zijin, which is conducive to Zijin’s efforts to improve its debt structure and to enhance its corporate image in the capital markets.

À propos de Zijin Mining
Zijin Mining est une entreprise mondiale leader dans le secteur des métaux et de l'exploitation minière, et l'un des plus grands producteurs mondiaux d'or, de cuivre et de zinc. La société compte plus de 30 sites miniers et projets d'envergure répartis dans 19 pays sur 5 continents. Grâce à ses solides capacités internes en matière de recherche, d'ingénierie et de développement, Zijin maintient une efficacité opérationnelle élevée à moindre coût, tant pour les acquisitions que pour les opérations. Cette approche lui permet de se positionner en tant que leader de la création de valeur, guidée par une philosophie de développement pour tous et soutenue par des performances exemplaires en matière d'environnement, de responsabilité sociale et de gouvernance. Les actions de Zijin sont cotées à la Bourse de Hong Kong (HKEX : 2899) et à la Bourse de Shanghai (SSE : 601899).