The stunning rise of China’s most audacious miner
The Economist
February 26, 2026
AI-Generated Deep Dive Summary
Zijin Mining, a Chinese company born out of a local gold mining initiative in 1993, has grown into one of the world’s most valuable mining giants. Led by its founder, geologist Chen Jinghe, who recently retired, Zijin now commands a market value of around $150 billion, ranking it as the fourth-largest mining company globally. The company’s rapid ascent has been fueled by soaring prices of gold and copper—key commodities in which Zijin holds significant positions, including being the sixth-largest producer of gold and fifth-largest of copper. Over the past year alone, its market value surged by 150%, highlighting its ability to capitalize on global commodity demand.
Zijin’s success story began in Shanghang county, Fujian province, where officials initially tapped Chen Jinghe to lead a local mining project. What started as a small operation has since blossomed into a multinational enterprise with a strong presence in international markets. The company’s expansion reflects China’s growing influence in the global mining sector, challenging traditional Western giants for dominance.
Zijin’s rise is not just about market value; it also underscores the strategic importance of commodities like gold and copper in today’s economy. With gold prices hitting all-time highs and copper demand driven by infrastructure development and green energy projects, Zijin has positioned itself as a key player in these critical markets. Its ability to scale operations and adapt to global trends has cemented its place among the world’s top mining firms.
For readers interested in business and economics, Zijin’s journey offers valuable insights into China’s industrial strategy and its growing influence on global industries. The company’s success also highlights the potential opportunities and challenges in investing in commodities, particularly as the global economy shifts toward sustainable development and resource efficiency. With its ambitious growth trajectory, Zijin continues to rewrite the rules of mining competition on a global stage.
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Originally published on The Economist on 2/26/2026