{"id":4495,"date":"2025-12-02T09:23:12","date_gmt":"2025-12-02T09:23:12","guid":{"rendered":"https:\/\/profitalarm.com\/index.php\/2025\/12\/02\/zijin-mining-founder-chen-jinghe-retires-after-40-years\/"},"modified":"2025-12-02T09:23:12","modified_gmt":"2025-12-02T09:23:12","slug":"zijin-mining-founder-chen-jinghe-retires-after-40-years","status":"publish","type":"post","link":"https:\/\/profitalarm.com\/index.php\/2025\/12\/02\/zijin-mining-founder-chen-jinghe-retires-after-40-years\/","title":{"rendered":"Zijin Mining Founder Chen Jinghe Retires After 40 Years"},"content":{"rendered":"<\/p>\n

Zijin Mining Group (OTC Pink:ZIJMF) founder Chen Jinghe is stepping down after four decades at the helm, retiring as chairman and transitioning to honorary chairman and senior consultant.<\/strong><\/p>\n

According to a Bloomberg report, Chen\u2019s retirement announcement came from a Saturday exchange filing, where he declined renomination to the board for \u201cage and family reasons.\u201d As of writing, the company has not yet chosen a successor.<\/p>\n

Chen, a trained geologist, founded the company in the 1980s with a small gold deposit in southeastern China. Under his leadership, Zijin pursued an aggressive expansion strategy anchored on gold and copper, transforming a provincial operation into a global competitor. <\/p>\n<\/p>\n

The group\u2019s market value surpassed US$100 billion for the first time this year, placing it behind only BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO,OTC:RTPPF) among publicly listed miners.<\/p>\n

In the filing, Chen said it was \u201cthe best time to transition to a new leadership,\u201d adding that a company with lasting success should evolve from being \u201cfounder-driven\u201d to \u201cinstitution-driven.\u201d<\/p>\n

The leadership change also caps a year shaped by both financial and organizational milestones. <\/p>\n

In late September, Zijin\u2019s Shanghai-listed shares closed at an all-time high, lifting its market capitalization to about US$132.4 billion and reinforcing its status as one of the most valuable mining companies globally.<\/p>\n

Zijin Gold went public in Hong Kong in a blockbuster offering in late September after a one-day postponement caused by Super Typhoon Ragasa. Priced at HK$71.59 per share, the IPO raised nearly HK$25 billion, making it the world\u2019s second-largest listing of 2025. <\/p>\n

The stock soared more than 60 percent on its debut, buoyed by gold prices that hit new peaks on the same day. Spot gold touched a record (at the time) US$3,839.19 per ounce, extending a rally driven by safe-haven demand.<\/p>\n

In 2024, Zijin produced 1.3 million ounces of gold, placing it ninth globally in estimated reserves.<\/p>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n

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