Mining Digital July 2021 | Page 99

Zijin Mining Group
Barrick Gold

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Zijin Mining Group

US $ 44.21bn
A multinational mining group principally engaged in the exploration and mining of gold , copper and other mineral resources , Zijin Mining Group has a dual listing on the Hong Kong Stock Exchange and Shanghai Stock Exchange . Ranked 778th largest public company in the 2020 Forbes Global 2000 in 2020 ( 3rd among global gold corporations ), Zijin has gold resource reserves of more than 2,300 tonnes . The Kamoa-Kakula copper project , Zijin ’ s joint venture with Ivanhoe Mines in the Democratic Republic of Congo , has begun production and has the potential to become the largest copper mining complex in the world .

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Barrick Gold

US $ 44.94bn
Reporting a 78 % jump in firstquarter profit , beating analyst expectations thanks to rising gold and copper prices , Barrick Gold is on track to meet annual forecasts . Production in the second half of 2021 is expected to be higher than the first , thanks to the ramp-up of underground mining at the Bulyanhulu mine in Tanzania and higher expected grades at Lumwana in Zambia . Meanwhile , the Porgera gold mine in Papua New Guinea ( PNG ) is set to restart under the terms of a new binding framework agreement between the PNG government and operator Barrick Niugini Limited ( BNL ).
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