Streetbeat News

ZIJMF

Zijin Mining Group Co., Ltd.

Industry

Gold Ore Mining

Open

1.90

Mkt cap

56B

Volume

330

High

1.90

P/E Ratio

12.53

52-wk high

2.58

Low

1.88

Div yield

0.02

52-wk low

1.42

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

Zijin Mining Group faces challenges in its M&A activities due to geopolitical tensions and regulatory hurdles, despite reporting a 46% increase in net income. The company's expansion plans, particularly in strategic mining jurisdictions like Canada, are being restricted by efforts from the U.S., EU, and allies to reduce reliance on Chinese-controlled supply chains. Zijin's subsidiary, Jinteng Mining, encountered a regulatory hurdle in Canada over a $295 million acquisition deal.

Portfolio Pulse from Stjepan Kalinic

August 26, 2024 | 11:29 am

Hedge fund manager Pierre Andurand predicts copper prices could reach $40,000 per tonne, driven by increasing demand from sectors like electric vehicles and renewable energy. This bullish outlook highlights investment opportunities in copper miner stocks and the Global X Copper Miners ETF (NYSE:COPX). The ETF has shown strong returns and holds key copper mining companies. Technical indicators also suggest a positive trend for COPX.

Portfolio Pulse from Surbhi Jain

May 27, 2024 | 2:59 pm

Zijin Mining Group (OTCPK: ZIJMF) has revised its copper production targets for 2025, aiming for a 4% increase to 1.22 million tons. The company plans to boost copper output by 50% by 2028, driven by key projects like the Julong copper project in Tibet. Zijin's subsidiary Jinteng Mining has agreed to acquire two mining projects in Peru from Pan American Silver Corp (NYSE:PAAS) for $290 million.

Portfolio Pulse from Stjepan Kalinic

May 17, 2024 | 7:24 pm

Canada is increasing scrutiny on Chinese investments in its mining sector, with concerns over national security and resource access. Recent deals under review include Yintai Gold's attempt to buy Osino Resources and Zijin Mining Group's plan to acquire a stake in Solaris Resources. SRG Mining scrapped a deal with China's Carbon ONE due to regulatory attention. This heightened scrutiny could impact small mining firms' ability to raise capital. The Macdonald-Laurier Institute warns of security risks without oversight on foreign investments, especially in the Arctic, where Chinese firms have acquired stakes in companies like Vital Metals.

Portfolio Pulse from Stjepan Kalinic

March 06, 2024 | 4:13 pm

KoBold Metals, supported by billionaires including Bill Gates and Jeff Bezos, announced a historic copper discovery in Zambia, potentially the largest in the country's history. The Mingomba asset could rival the Kamoa-Kakula mine, operated by Ivanhoe Mines Ltd (OTC:IVPAF) and Zijin Mining Group (OTC:ZIJMF), which produced almost 400,000 tons of copper in 2023. KoBold plans to fast-track the development of this $2 billion mine for production in the early 2030s. The company spent $100 million on exploration in 2023, with plans to exceed this in 2024, aligning with the spending of giants like BHP Group (NYSE:BHP) and Rio Tinto Ltd. (OTC:RTNTF).

Portfolio Pulse from Stjepan Kalinic

February 05, 2024 | 8:22 pm

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