Zhaojin Mining

Request correction

Corporate brand

Unclaimed Read 4× by AI crawlers

A Chinese gold-mining and refining company with major operations in Shandong and expanding international assets.

Last updated October 9, 2026

AI crawler reads

4requests

1companies

Anthropic4

Profile: 2
Controversies: 2
JSON · MD: 0

First read: Nov 4, 2026
Latest read: Nov 4, 2026

From this site's server log

Overview

Zhaojin Mining Industry Company Limited is a Chinese gold producer engaged across the precious-metals value chain, including exploration, mine development, underground extraction, ore processing, refining and related smelting activities. The company is based in Zhaoyuan, Shandong Province, a city widely associated with China's gold industry, and its operating history is closely connected with the Zhaoyuan gold-mining district. Established in 2004, Zhaojin Mining developed as a joint venture associated with Zhaojin Group and Fosun International. Fosun has held a strategic minority interest through Fortune Asset Management Ltd., while Zhaojin Group remains the company's principal group affiliation. The company completed its H-share initial public offering on the Hong Kong Stock Exchange on 6 December 2006 under the stock code 1818. Its domestic operating base is concentrated in Shandong, especially around Zhaoyuan. The company's assets include a cluster of underground gold mines and supporting processing and refining facilities. Dayingezhuang Gold Mine is among the better-known operations in the Shandong portfolio and is associated with underground mining and recovery activities. Zhaojin's broader domestic footprint also reaches resource-producing areas in Gansu, Xinjiang, Inner Mongolia and Heilongjiang. The Zaozigou Gold Mine in Gansu is described as a significant contributor to production and produced approximately 207,101 ounces of gold in 2020 according to the cited reference material. In addition to mining, Zhaojin operates smelting and refining facilities that produce high-purity gold ingots for domestic and international markets. Gold is the company's principal product, while its broader activities may also involve silver, copper and other minerals recovered or handled through mining and processing operations. This combination of mining, beneficiation, smelting and refining gives the company a more integrated position than a single-mine operator, although its performance remains exposed to ore grades, reserves, operating costs, environmental requirements, capital needs and international commodity prices. The company has expanded beyond its traditional Shandong base through domestic regional diversification and overseas investment. In 2024, Zhaojin acquired a controlling interest in Tietto Minerals, an Australian-listed gold company. The transaction gave Zhaojin an approximately 88% interest in the Abujar Gold Project in Côte d'Ivoire. Abujar entered commercial production in early 2023 and was described in the reference material as having an expected average output of about 170,000 ounces of gold per year over the following nine years. The acquisition marked a significant step in Zhaojin's internationalization and added a West African operating asset to its predominantly Chinese production platform. Reference material characterizes Zhaojin as holding more than 900 tonnes of combined gold reserves and resources as of 2023 and producing approximately 35 tonnes of gold annually. These figures require interpretation by reporting period and by the definitions used for reserves, resources and attributable production. Overall, Zhaojin Mining is positioned as a large Chinese gold enterprise combining domestic mine networks, processing and refining infrastructure, Hong Kong-listed capital-market access and an increasingly international asset base.

History

Zhaojin Mining's corporate identity is rooted in Zhaoyuan, Shandong Province, a major gold-producing area in China. The company was established in 2004 as Zhaojin Mining Industry Company Limited and developed within the broader Zhaojin Group structure. Its formation brought together the commercial development of gold resources with a more integrated operating model covering exploration, mine production, ore treatment, refining and smelting. The company's domestic foundation is the Zhaoyuan gold-mining district. Rather than depending on a single deposit, Zhaojin built an operating network around several mines and supporting facilities. The Shandong portfolio includes underground operations associated with the Zhaoyuan Gold Mine Cluster. Dayingezhuang Gold Mine is one of the notable mines in this group and has been linked with underground extraction and recovery operations. The concentration of mines, processing capacity and refining infrastructure in the region has helped establish Zhaoyuan as the company's principal operating and industrial center. A major corporate turning point came on 6 December 2006, when Zhaojin Mining's H shares were listed on the Hong Kong Stock Exchange under the code 1818. The listing provided access to international capital markets and established the company as a publicly traded gold producer. Its ownership structure has included Zhaojin Group and Fosun International, with Fosun holding a strategic minority interest through Fortune Asset Management Ltd. The relationship connected the mining company with a larger diversified investment group while leaving Zhaojin's operating identity centered on gold. After establishing its Shandong base, Zhaojin broadened its domestic resource footprint. Its operations and investments extended to Gansu, Xinjiang, Inner Mongolia and Heilongjiang, giving it exposure to several of China's gold-producing regions. The Zaozigou Gold Mine in Gansu became an important contributor to the company's production profile; the reference material reports approximately 207,101 ounces of gold from the mine in 2020. The geographic expansion reduced reliance on the original Shandong cluster, although Shandong remained the principal center for the company's mining, processing and refining activities. Zhaojin's business has also extended beyond mine extraction. Its facilities process gold-bearing ore and refine recovered metal into high-purity gold ingots. Silver, copper and other mineral outputs may arise from the company's broader mining and processing activities, but gold remains the defining commodity and commercial focus. The integrated structure means that the company participates in several stages between geological exploration and the sale of refined metal. It also exposes the business to the technical and regulatory demands of underground mining, mineral processing, tailings management, environmental protection and smelting. The next major phase was international expansion. In 2024, Zhaojin acquired a controlling interest in Tietto Minerals, an Australian-listed gold company. Through the transaction, Zhaojin obtained an approximately 88% stake in the Abujar Gold Project in Côte d'Ivoire. Abujar had commenced commercial production in early 2023, so the transaction added a producing West African asset rather than only an exploration property. The project was described as having expected average production of approximately 170,000 ounces of gold annually over a nine-year period, subject to operating performance and the assumptions underlying that estimate. This transaction broadened Zhaojin's geographic reach and gave the company a platform in West Africa. It also introduced the operational, political, logistical and currency considerations associated with managing an overseas mine. By 2023, reference material described Zhaojin's combined gold reserves and resources as exceeding 900 tonnes and annual gold production as approximately 35 tonnes. Such figures should be read with attention to reporting definitions, attributable ownership and the distinction between resources and economically recoverable reserves. Today, Zhaojin Mining is best understood as a Hong Kong-listed Chinese gold group with a domestic network of mines and metallurgical facilities, supported by a developing international portfolio. Its historical evolution has moved from a concentrated Shandong gold enterprise toward a geographically diversified producer combining mine ownership, processing, refining and overseas project investment.

2024
International expansion through Tietto Minerals
[1]Zhaojin Miningen.wikipedia.org
Zhaojin Mining acquired a controlling interest in Tietto Minerals and obtained an approximately 88% stake in the Abujar Gold Project.
2023
Abujar entered commercial production
[1]Zhaojin Miningen.wikipedia.org
The Abujar Gold Project in Côte d'Ivoire, later acquired by Zhaojin through its investment in Tietto Minerals, began commercial production.
2020
Zaozigou production contribution
[1]Zhaojin Miningen.wikipedia.org
The Zaozigou Gold Mine in Gansu was reported to have produced approximately 207,101 ounces of gold during the year.
2006
Hong Kong H-share listing
[1]Zhaojin Miningen.wikipedia.org
The company completed its H-share initial public offering and listed on the Hong Kong Stock Exchange on 6 December under stock code 1818.
2004
Company established
[1]Zhaojin Miningen.wikipedia.org
Zhaojin Mining Industry Company Limited was established in China within the Zhaojin Group structure.

Products and positioning

An integrated Chinese gold-mining and refining group with a strong Shandong production base and growing international exposure.

Precious metals
Gold
Gold is Zhaojin Mining's principal commodity. The company explores for gold, develops and operates underground mines, processes gold-bearing ore and sells recovered metal through its refining and smelting operations. Its production base spans the historic Zhaoyuan district in Shandong and additional domestic and overseas assets.
Refined precious metals
Refined gold ingots
Zhaojin's metallurgical activities include the production of high-purity gold ingots. Refining and smelting facilities connect the company's mining operations with domestic and export markets, allowing it to participate beyond the initial extraction of ore.
Precious metals
Silver
Silver is among the metals associated with Zhaojin Mining's broader mining and processing activities. It is secondary to gold in the company's public identity and operating focus, and the available reference material does not provide a separate detailed silver product range.
Base metals
Copper
Copper is listed among the company's typical mineral outputs and activities. Available reference material does not identify a separately branded copper product line, so it is best understood as part of the group's wider mining and mineral-processing portfolio.

Controversies

2026
Canzhuang Gold Mine cage fall kills 7; suspected concealment under investigation
On February 7, 2026, a cage fall occurred at the Shangzhuang section of Zhaojin Mining's Canzhuang Gold Mine, killing 7 people. Emergency management and public security authorities investigated the cause and suspected concealment; responsibility for the concealment had not been finally determined at the time of reporting.
Source
2026
Safety accident at Jintingling mining area kills 3 and injures 2
On May 13, 2026, an accident occurred during underground slag removal at the construction mining area of Jintingling Mining, a wholly owned subsidiary of Zhaojin Mining, killing 3 people and injuring 2. Production mines in the Zhaoyuan area were suspended for inspection. Recorded separately from the February Canzhuang accident.
Source
2025
Canzhuang Gold Mine fined 25,000 yuan for insufficient rescue supplies
In July 2025, an inspection found that some supplies in the rescue warehouse of Zhaojin Mining's Canzhuang Gold Mine were less than required by the emergency plan, and the Zhaoyuan Municipal Emergency Management Bureau imposed a fine of 25,000 yuan.
Source
2025
Canzhuang Gold Mine fined 30,000 yuan for non-compliant ventilation and power supply equipment
In October 2025, a regulatory inspection found that the dead-end reversing roadway at Canzhuang Gold Mine lacked a local ventilator and that the pump room transformer had insufficient backup capacity, resulting in a fine of 30,000 yuan. This was a different inspection and decision from the July rescue supply penalty.
Source
2021
Hushan Gold Mine explosion and delayed reporting at an indirectly held affiliate
In January 2021, an explosion at the Hushan Gold Mine of Shandong Wucailong trapped 22 people; 11 were eventually rescued, 10 died, and 1 remained missing, with the incident also involving delayed reporting. Wucailong is a subsidiary of an associate of Zhaojin Mining, so this is explicitly an indirect shareholding connection and should not be described as a wholly owned Zhaojin mine.
Source

2024
Acquisition of control of Tietto MineralsM&A
Background
Zhaojin Mining pursued overseas growth and sought exposure to a producing gold project outside China.
Action taken
The company acquired a controlling interest in Australian-listed Tietto Minerals, gaining an approximately 88% interest in the Abujar Gold Project in Côte d'Ivoire.
Aftermath
The transaction added a producing West African gold asset and materially expanded Zhaojin's international operating footprint.
Reported transaction value. Approximately A$733 million (2024 acquisition)
Source
2006
Use of a Hong Kong H-share listing to support growthStrategy
Background
After its establishment and development around the Shandong gold industry, Zhaojin Mining pursued access to public capital markets.
Action taken
The company completed an H-share initial public offering and listed on the Hong Kong Stock Exchange on 6 December 2006.
Aftermath
The listing gave Zhaojin Mining a publicly traded platform in Hong Kong and supported its profile as a major Chinese gold producer.
Source
Diversification beyond the Shandong operating baseStrategy
Background
Zhaojin Mining sought to expand its resource base beyond Zhaoyuan and the surrounding Shandong gold district.
Action taken
The company developed or operated assets in Gansu, Xinjiang, Inner Mongolia and Heilongjiang, including the Zaozigou Gold Mine in Gansu.
Aftermath
The expansion created a more geographically diversified domestic production portfolio while retaining Shandong as the company's main operating center.
Source

Recent events

2019.09.27
Reported2019.09.27
Zhaojin Mining announces acquisition of assets from its controlling shareholder[9]招金矿业宣布收购控股股东多项资产finance.sina.com.cn
Zhaojin Mining announced that it would acquire equity interests in Zhaojin Geological Exploration, the Materials Supply Center and Jinruan Technology, as well as land-use rights and associated assets, from its controlling shareholder, Zhaojin Group. The consideration was RMB 402 million, to be paid by issuing 49.697 million consideration shares.

Sources10 sources

Cite this profile: Cite the canonical profile. /brand-wiki/zhaojin-mining · Editorial policy · How profiles are compiled