09:31     ZIJIN MINING<02899> - Announcement (3)                              

    14A.32 with exemption on the approval from independent shareholders.      
                                                                              
                                                                              
    5.                                                                        
    Breaches of Listing Rules                                                 
    All these connected transactions happened in 2004, the delay in           
    disclosure of these connected transactions has constituted breaches       
    Rule 14A.32 of the Listing Rules. The Stock Exchange reserves the         
    rights to take appropriate actions against the Company and/or the         
    Directors in respect of the breaches of the Listing Rules.                
                                                                              
    6.                                                                        
    Remedial Actions                                                          
    In avoidance of any similar events, the Directors and senior              
    management of the Company will closely monitor and review the             
    connected transactions on a monthly basis and take prompt actions to      
    make necessary disclosure and obtain independent shareholders'            
    approval as required under the Listing Rules. Further, we have taken      
    necessary measures to strengthen the reporting system of the Company      
    and its subsidiaries and facilitate the training and communications       
    to all managerial staff in compliance with the Listing Rules.             
                                                                              
    7.                                                                        
    General                                                                   
    The Company is principally engaged in the exploration, mining,            
    production, refining and sale of gold and other mineral resources in      
    the PRC.                                                                  
                                                                              
    DEFINITIONS                                                               
    In this announcement, unless otherwise indicated in the context, the      
    following expressions have the meaning set out below:                     
                                                                              
    `Board'                        the board of Directors                     
    `Company'                      Zijin Mining Group Co.,                    
                                   Ltd.*, a joint stock limited               
                                   company incorporated in the                
                                   People's Republic of China                 
                                   with limited liability                     
    `Director(s)'                  the director(s) of the                     
                                   Company                                    
    `Group'                        the Company and its                        
                                   subsidiaries                               
    `Jinbao Transportation         Fuyun County Jinbao                        
    Company'                       Transportation Co., Ltd. is a              
                                   qualified transportation                   
                                   company and it incorporated                
                                   in the PRC                                 
    `HK$'                          Hong Kong dollars, the lawful              
                                   currency of Hong Kong                      
    `Hong Kong'                    the Hong Kong Special                      
                                   Administrative Region of the               
                                   PRC                                        
    `Hong Kong Stock Exchange'     The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Independent shareholder'      any shareholder of the                     
                                   Company that is not required               
                                   to abstain from voting at a                
                                   general meeting to approve a               
                                   connected transaction                      
    `Listing Rules'                The Rules Governing the                    
                                   Listing of Securities on the               
                                   Stock Exchange                             
    `PRC'                          The People's Republic of                   
                                   China, but for the purpose of              
                                   this announcement, excludes                
                                   Hong Kong, Macau SAR and                   
                                   Taiwan                                     
    `RMB'                          Renminbi, the lawful currency              
                                   of the PRC                                 
    `Shandong trucks'              Shandong Zhongqi Steyr                     
                                   II3242M2940 trucks                         
    `Shanxi trucks'                Shanxi Shangqi Steyr                       
                                   SX3322BM2943 trucks                        
    `Shareholder(s)'               the shareholder(s) of the                  
                                   Company                                    
    `Tibet Geological Team'        Tibet Autonomous Region                    
                                   Bureau of Exploration &                    
                                   Development of Geology &                   
                                   Mineral Resource & Earth Heat              
                                   Team, a government body in                 
                                   the PRC                                    
    `Tibet Jindi'                  Tibet Jindi Mining Co., Ltd.               
                                   is a subsidiary of the                     
                                   Company and it incorporated                
                                   in the PRC                                 
    `Tonne(s)'                     A metric measurement of                    
                                   weight, 1 Tonne equals to                  
                                   1,000 kilograms                            
    `Xinjiang Jinbao'              Xinjiang Jinbao Mining                     
                                   Company Limited, is a                      
                                   subsidiary of the Company and              
                                   it incorporated in the PRC                 
    `%'                            per cent