Zijin Becomes World’s No. 3 Miner After Surpassing $100 Billion Valuation

Zijin Reaches Top 3 Mining Giants with $100 Billion Valuation

Zijin Mining Group has officially entered the elite group of the world’s largest mining companies, hitting a $100 billion market capitalization. The Chinese miner surged past Glencore to claim the third spot globally, trailing only behind BHP and Rio Tinto. This remarkable milestone reflects Zijin’s rapid growth fueled by record gold prices and copper’s historic performance in 2025. The company’s Shanghai-listed shares climbed to a record high of 732 billion yuan ($103 billion), marking an impressive rise in investor confidence.

The surge in Zijin’s valuation aligns with its dominant position in precious metals and base metals markets. Gold and copper generated 77% of the miner’s first-half revenue this year, with prices reaching unprecedented levels. Zijin’s stock has more than doubled in 2025, boosted by the strong global demand for these critical commodities. This growth exemplifies the company’s strategic positioning and operational expansion, turning a small regional miner into a global powerhouse.

Zijin’s Global Expansion and Strategic Moves

Founded in the 1980s by geologist Chen Jinghe, Zijin has transformed from a local gold mine operator in southeastern China into a multinational mining giant. The company controls major assets across multiple continents, including Serbia’s largest copper mine and Ghana’s Akyem gold mine. Additionally, Zijin is preparing for a major Hong Kong IPO of its international gold business, aiming to raise $3.2 billion. This move will bolster Zijin’s financing capabilities and enhance capital efficiency to support further growth.

The planned spin-off, Zijin Gold International Co., will consolidate all international gold mining operations outside China. This IPO is expected to become the world’s second-largest this year and reflects Zijin’s ambitions to streamline its corporate structure and attract global investment. Meanwhile, Zijin continues to expand its portfolio through strategic acquisitions and resource development in key mining regions, securing its place among the industry leaders.

SuperMetalPrice Commentary:

Zijin Mining’s rise to the top three globally signals a pivotal shift in the mining industry’s power balance. The company’s strategic focus on gold and copper—two metals critical for the energy transition and technology sectors—positions it well for sustained growth. With commodity prices expected to remain strong amid supply constraints, Zijin’s expanded footprint and capital-raising initiatives should enable it to capitalize on market opportunities. Investors and industry watchers will likely view Zijin as a benchmark for emerging market mining strength and innovation.