|Bid||10.060 x 0|
|Ask||10.080 x 0|
|Day's Range||9.930 - 10.160|
|52 Week Range||3.360 - 16.240|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||50.11|
|Forward Dividend & Yield||0.15 (1.47%)|
|Ex-Dividend Date||Jun 04, 2021|
|1y Target Est||3.64|
(Bloomberg) -- China’s Zijin Mining Group Co. is accelerating expansion at its Serbian copper business, one of the few signs so far of the metal’s recent surge to a record encouraging faster supply plans.Serbia Zijin Copper, which runs four mines and a smelter in the Balkan country, is bringing forward a target for completing the capacity expansion by a year to 2024, said Jason Zhang, deputy general manager of the operation in Bor. Zijin took over the assets in 2018 and is more than halfway thou
China's Zijin Mining Group said on Wednesday one of its subsidiaries and trader Citic Metal would each buy 50% of the copper production from the recently-launched first phase of its Kamoa-Kakula mine in the Democratic Republic of Congo (DRC). The deals will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining Co Ltd and Citic Metal, part of state-owned conglomerate Citic Group, split the initial offtake from what is expected to be the world's highest-grade major copper mine. The agreements were done "on competitive arms-length commercial terms" and include treatment and refining charges based on the annual industry benchmark, Zijin said in a filing.
A signing ceremony is set for Friday on a deal to re-open the Porgera gold mine in Papua New Guinea, a spokesman for the joint venture between Barrick Gold Corp and China's Zijin Mining told Reuters. "A signing ceremony is currently scheduled for 3 p.m. (Papua New Guinea)," a spokesman for Barrick Niugini Ltd (BNL) told Reuters in an email.