Zijin Mining Group (OTC:ZIJMF), a Chinese copper and gold producer, is encountering increasing obstacles to its mergers and acquisitions (M&A) ambitions due to geopolitical tensions, a slowing global economy, and a rise in resource nationalism.
These challenges have raised concerns over the company's ability to expand its international footprint, particularly in strategic mining jurisdictions like Canada.
Despite these headwinds, Zijin reported a robust financial performance in the first half of 2024, with net income surging 46% to $2.1 billion. Higher commodity prices and effective cost management drove this growth; however, management acknowledged the impact of commodity price fluctuations, geopolitical risks, and policy changes on their future operations.
As one of China's most acquisitive metals companies, Zijin has a history of acquiring copper and gold mines worldwide, including in Canada and Africa. It has also ventured into lithium, aiming to become a significant player in the battery ...
