Miner's win-win cooperation strategy key to long-term success

Zijin Mining Group, a multinational mining company headquartered in East China's Fujian province, specializes in the global exploration and development of metals such as copper, gold, zinc and lithium, as well as engineering and technological research.

With large-scale mining projects across 17 countries including China, Serbia, the Democratic Republic of Congo, Suriname and Colombia, Zijin Mining has established a notable presence in the global mining sector, with a long-standing focus on local communities and the environment.

Striving to become a green, high-tech leader in the mining sector, Zijin Mining supplies the global market with low-carbon raw mineral materials to aid sustainable development, leveraging innovative technologies and robust environmental, social and governance systems. Championing the philosophy of "creating value and growing together", Zijin Mining has built a network of win-win cooperation across the globe.

As one of the largest enterprises in Suriname, Rosebel Gold Mines, which became a subsidiary of Zijin Mining in 2023, has generated substantial employment, stimulated the development of related industries, and contributed to the local society through infrastructure construction, community welfare initiatives, technology sharing and talent development programs. These efforts have forged a bridge of friendship and cooperation between China and Suriname.

A new chapter

Located in Brokopondo district, about 100 kilometers south of Paramaribo, the capital city of Suriname, Rosebel is one of the largest operational gold mines in South America. Zijin Mining acquired Rosebel on Feb 1, 2023, initially facing multiple challenges such as a drain of technical personnel, outdated equipment and facilities, and increased ore processing difficulties. Leveraging its expertise in mine management and cost control, the company implemented a series of measures to address these challenges, including revamping outdated systems, optimizing key process indicators and promoting comprehensive resource utilization.

Within the first year of the acquisition, Rosebel achieved a more than 20 percent year-on-year reduction in all-in sustaining costs and improved the overall ore-dressing recovery rate to 96 percent, which was the highest level in the mine's 20-year history. The company managed to turn a profit in 2023, producing nearly 9 metric tons of gold — marking a 13.7 percent year-on-year increase.