Zijin Mining completes acquisition of Zangge Mining control

Zijin Mining Group Co., Ltd. (HKEX:2899) announced the completion of its acquisition of controlling power in Zangge Mining Company Limited, effective April 30, 2025. Zijin International Holdings, a subsidiary of Zijin Mining, received confirmation of the share transfer, acquiring 392,249,869 shares in Zangge Mining. As of the announcement date, Zijin International Holdings and its concert parties hold a total of 411,051,869 shares in Zangge Mining, representing 26.18% of its total share capital. This acquisition enables Zijin to consolidate Zangge Mining's financial results and aligns with China's policy of integrating quality resources within listed companies, boosting its reserves of copper, lithium, and potash. The company aims to leverage Zangge Mining's salar development and low-cost lithium extraction technologies.