Wedoany.com Report-Sept. 26, China’s Zijin Mining Group (HKG: 2899) has achieved a significant milestone, reaching a market capitalization of over $100 billion on Thursday, September 25, 2025, securing its position as the world’s third-largest mining company by value. This places Zijin alongside industry leaders BHP (ASX: BHP), valued at A$212 billion ($140 billion), and Rio Tinto (ASX: RIO), valued at A$169 billion ($111 billion), surpassing Glencore (LON: GLEN), which holds a market capitalization of £39.76 billion ($53 billion).

La Arena copper-gold mine in Peru.

Zijin’s Shanghai-listed shares reached a record high on Thursday, elevating its market value to 732 billion yuan ($103 billion). The company’s growth is driven by strong performances in gold and copper markets, with these commodities accounting for 77% of its revenue in the first half of 2025. Gold prices have hit unprecedented levels, and copper has recorded its strongest annual performance, fueling a stock value increase of over 100% this year.

“We are focused on enhancing our global presence and operational efficiency,” said Chen Jinghe, chairman of Zijin Mining. “This milestone reflects our commitment to sustainable growth and strategic expansion.”

Starting as a single gold mine in southeastern China in the 1980s, Zijin, under the leadership of geologist Chen Jinghe, has transformed into a global mining leader. The company now manages or holds significant stakes in numerous operations worldwide, including recent acquisitions such as Serbia’s largest copper mine, Kazakhstan’s Raygorodok gold mine, and Ghana’s Akyem gold mine, added within the past year.

Zijin is also preparing to list its international gold division, Zijin Gold International Co., on the Hong Kong Stock Exchange. The initial public offering, set for September 30, 2025, aims to raise $3.2 billion, making it the world’s second-largest IPO this year. This spin-off is designed to broaden financing options and enhance capital efficiency, supporting Zijin’s long-term growth strategy.

The company’s success reflects its ability to capitalize on robust commodity markets and strategic global expansion. By optimizing its portfolio and pursuing sustainable development, Zijin continues to strengthen its position in the global mining industry, contributing to economic growth and resource development in multiple regions.