Zhaojin Mining Industry

What Zhaojin Mining Industry does

Zhaojin Mining Industry Company Limited is one of China's leading gold producers, established in 2004 and listed on the Main Board of the Hong Kong Stock Exchange (stock code: 01818.HKD) in December 2006. Headquartered in Zhaoyuan City, Shandong Province, the company operates across three integrated business segments: gold mining and exploration, smelting and processing, and research and development services. Its core operations span multiple mines including Dayingezhuang, Xiadian, Zaozigou, Canzhuang, Silkworm Zhuang, and Jinchiling, with reported recoverable gold reserves of 16.76 million ounces and gold mineral resources of 48.38 million ounces. The company produces and sells gold, silver, and copper products through direct B2B contracts with refineries, commodity traders, and industrial buyers, with commodity-market-based pricing.

The company's technology stack centers on underground mining methods, ore processing techniques including gravity concentration, flotation, and cyanidation, and proprietary innovations such as the Pyramid-shaped Upward Approach Cemented Filling Mining Method and oxygen-enriched smelting. It holds 241 patent applications with 115 granted in 2025 and operates provincial-level R&D centers including the Shandong Provincial Manufacturing Innovation Center and Academician Workstation. The business is vertically integrated across exploration, extraction, processing, and smelting, complemented by an R&D services arm. Strategic emphasis is on international expansion via M&A targeting West Africa (Côte d'Ivoire, Ghana, Guinea), Central Asia, and Asia Pacific, while pursuing operational improvements domestically, including beneficiate recovery rates of 94.7% at Xiadian and 17.29% capacity increases from oxygen-enriched smelting.

The company's go-to-market is primarily enterprise B2B commodity sales, supplemented by investor relations communications through Hong Kong Stock Exchange filings, ESG reporting, and industry conference participation. Reported scale includes a market capitalization of 343.39 billion HKD (as of May 2023), 14 national green mine construction pilot units, three national green factory certifications, and an average of 140 million yuan in annual work safety investment. In 2025, net profit attributable to shareholders increased 149.1% year-over-year, with analyst projections pointing to Q1 2026 quarterly revenue of approximately $4.0471 billion. The company also maintains diversification into adjacent products such as sodium antimonate via Gansu Zhaoye and pursues minority strategic investments such as a 19.99% stake in Thunderstruck Resources for Fiji gold exploration.

Name

Zhaojin Mining Industry

Legal name

Zhaojin Mining Industry Company Limited

Website

https://en.zhaojin.com.cn

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhaojin Mining Industry is a leading Chinese gold producer listed on the Hong Kong Stock Exchange (01818.HKD), operating vertically integrated gold mining, smelting, processing, and R&D services across multiple mines in Shandong Province and pursuing international M&A expansion in Africa, Central Asia, and the Asia Pacific to sell gold, silver, and copper products to industrial B2B buyers.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (212290)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Silver Mining (IMAKAEAB)

Keywords

• Gold mining operations
• Precious metals processing
• Mineral exploration
• Smelting services
• Copper silver production

Headquarters

HQ city

Zhaoyuan

HQ country

China

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Gold Mining and Production: Core revenue from exploration, mining, processing and sale of gold products. The company operates gold mines in China with 16.76 million ounces of recoverable gold reserves and 48.38 million ounces of gold mineral resources.
2. Silver and Copper Products: Revenue from processing and selling silver and copper products alongside gold mining operations.
3. Smelting and Processing Services: Processing services for gold concentrate with renewed contracts for sale and purchase of gold concentrate.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Zhaojin Mining Industry is an integrated Chinese gold producer engaged in the exploration, mining, processing, and sale of gold, silver, and copper products. The company operates multiple underground gold mines across Shandong Province and other regions in China, supported by in-house smelting and processing facilities. Its operations also include R&D services for mining technology, mineral processing optimization, and extraction innovation, alongside ongoing international expansion through overseas mine acquisitions.

Product overview

Zhaojin Mining Industry Company Limited is a leading Chinese gold producer that operates as a unified mining enterprise with integrated business segments. The company's core operations center on gold mining and exploration, complemented by in-house smelting and processing capabilities, and supported by dedicated research and development services. The product portfolio includes gold, silver, and copper products sourced from multiple mines including Dayingezhuang, Xiadian, Zaozigou, Canzhuang, and Silkworm Zhuang gold mines. The company also provides technological research services focused on mining innovation, mineral processing optimization, and new production methods development.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Mining and Exploration The company's primary business involves the exploration, mining, and extraction of gold resources from mines including Dayingezhuang, Xiadian, Zaozigou, Canzhuang, Silkworm Zhuang, and Jinchiling, located primarily in Shandong Province, China.
• Gold, Silver, and Copper Products The company produces and sells gold, silver, and copper products derived from its mining and processing operations, including gold concentrate and refined precious metals, sold to refineries, commodity traders, and industrial buyers through contract-based arrangements.
• Smelting and Processing The company operates smelting and processing facilities that handle ore processing, mineral processing technology optimization, and metal extraction from mined materials, including oxygen-enriched smelting technology and adhesive powder production systems.
• Research and Development Services The company provides scientific and technological research services, including technological innovation, process optimization, and development of new mining and processing methods, supported by provincial-level R&D centers including the Shandong Provincial Manufacturing Innovation Center and Academician Workstation.

Quantifiable outcome

• Achieved 94.7% beneficiate recovery rate at Xiadian Gold Mine
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• 3M ChinacoreStrategic or Co-development Partner · 1 April 20153M company partnered with Zhaojin Mining for occupational health and safety training. 3M provided professional lectures on occupational health and labor protection at Xiadian gold mine, silkworm Zhuang gold mine, and Dayinge gold mine, with 600 participants. Training included personal protective equipment knowledge.
• Shandong Zhaojin Group Company LimitedcoreStrategic or Co-development Partner · 16 April 2004Original founding shareholder and parent company that established Zhaojin Mining Industry Co., Ltd. in 2004 with approval from Shandong Province People's Government. Shandong Zhaojin Group remains a controlling shareholder.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• AngloGold Ashanti: Major global gold producer with operations across Africa, the Americas, and Australia. Comparable on multi-jurisdictional gold mining profile and serves as a benchmark for international reserve quality and ESG disclosures.
• Newmont Corporation: Largest gold miner globally with diversified multi-country operations. Comparable on integrated mining-to-refining model and as a peer for ESG positioning, reserve disclosure standards, and institutional investor base.
• Gold Fields: Major international gold producer with West African assets in Ghana and South Africa — directly comparable because Zhaojin's CIO has publicly identified West African markets (Ghana, Côte d'Ivoire, Guinea) as acquisition targets. Useful peer for cross-border valuation benchmarks.
• Barrick Gold: Global gold major with multi-continent operations and significant reserve base. Relevant for international scale benchmarking, capital allocation practices, and as a benchmark acquirer of assets Zhaojin is now pursuing.
• Kinross Gold: Mid-tier international gold producer with operations across the Americas and West Africa. Comparable on cross-border mining exposure and scale tier relative to Zhaojin's expansion ambitions.

Regional players

• Yunnan Tin Group: Chinese state-owned diversified metal miner with gold by-production alongside tin, copper, and lead. Comparable on Chinese regulatory environment, integrated smelting, and gold-as-byproduct economics.
• Henan Yuguang Gold and Lead: Chinese gold and lead smelter operating vertically integrated mining, smelting, and refining in Henan Province. Comparable on China-focused gold/lead co-production model, smelting scale, and A-share listed peer set.

Direct peers

• Zijin Mining: China's largest integrated miner with gold as a major product alongside copper, zinc, and lithium. Directly comparable business model (vertical integration, international expansion, Hong Kong listing) and similar product mix to Zhaojin.
• Shandong Gold Group: Largest direct domestic competitor in Shandong Province, China — also a major Chinese gold producer with integrated mining, smelting, and refining operations. Comparable reserve base, HK/A-share listing, and same customer/regulatory environment as Zhaojin.
• China National Gold Group (China Gold): State-owned flagship Chinese gold producer with similar mining, refining, and sales operations. The most direct comparison on product, customer set (refineries, jewelry, central bank), and regulatory environment.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zhaojin-international-co-ltd

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhaojin Mining Industry