Zhongjin Lingnan
Zhongjin Lingnan is a Chinese non-ferrous-metals mining, smelting and trading group focused primarily on zinc and lead.
Last updated October 12, 2026
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Overview
Zhongjin Lingnan, formally Zhongjin Lingnan Nonfemet Company Limited, is a Chinese mining and metallurgy group headquartered in Shenzhen, Guangdong. Its operating model spans the non-ferrous-metals value chain, including mineral extraction, ore beneficiation, smelting, refined-metal production and trading. Zinc and lead are its principal commodities, while copper, silver, indium and sulfuric acid are produced or recovered as associated outputs of its mining and metallurgical operations. The company was established in 1984 during a period of restructuring in China's non-ferrous-metals sector. It initially operated under China National Non-ferrous Metals Industry Corporation. Following the dissolution of that organization in 1998, control moved to the Guangdong provincial government through Guangdong Rising Assets Management, which is identified as the company's majority shareholder. Zhongjin Lingnan subsequently developed from a domestically focused mining and smelting enterprise into a group with overseas mining interests and exploration exposure. Zhongjin Lingnan's domestic industrial base includes the Shaoguan lead-zinc smelter in Guangdong. Its international portfolio is associated principally with Perilya, an Australian mining company whose assets include the Broken Hill South and Potosi mines in New South Wales. Zhongjin Lingnan acquired a 50.1 percent stake in Perilya after Australian approval in February 2009 and purchased the remaining shares in December 2013, obtaining full ownership. Through Perilya and related activities, the group has also had base-metal interests in the Dominican Republic and earlier-stage zinc-lead exploration projects in Canada. The company's activities have not been limited entirely to mining and metals. It has retained smaller property-development and logistics businesses connected with earlier diversification, although mining, beneficiation and smelting remain the defining elements of its business identity. The group also participates in industry coordination. In November 2015, it joined nine other major Chinese zinc smelters in a commitment to reduce refined-zinc output by a combined 500,000 tonnes in 2016, an action associated with efforts to address market conditions and supply pressure. Zhongjin Lingnan's shares have traded on the Shenzhen Stock Exchange since 23 January 1997 under ticker 000060. Reported 2023 production included approximately 1.05 million tonnes of zinc-lead concentrate from its mines and roughly 92,000 tonnes of refined zinc from its smelters. These figures illustrate the distinction between its mined concentrate output and its downstream refined-metal production. The company is therefore best understood as an integrated, state-influenced Chinese base-metals producer rather than as a consumer-facing product brand.
History
Zhongjin Lingnan was founded in 1984 as part of the restructuring and development of China's non-ferrous-metals industry. In its early institutional form, it operated under China National Non-ferrous Metals Industry Corporation, linking the enterprise to the centrally organized structure that managed much of China's non-ferrous sector at the time. A major ownership transition followed the dissolution of China National Non-ferrous Metals Industry Corporation in 1998. Control passed to the Guangdong provincial government through Guangdong Rising Assets Management. This change established the provincial state-asset framework that has continued to shape Zhongjin Lingnan's ownership and strategic direction. The company is headquartered in Shenzhen, while important production assets are located elsewhere in Guangdong and overseas. Zhongjin Lingnan became a publicly traded company when its A-shares began trading on the Shenzhen Stock Exchange on 23 January 1997. Its stock-market identity is associated with ticker 000060. The listing provided a public capital-market platform for an enterprise whose main activities remained concentrated in mining, mineral processing, metallurgy and metals trading. The company's operating base includes the Shaoguan lead-zinc smelter in Guangdong. Its activities cover both upstream and downstream stages: mining and concentrating ore, smelting concentrates into refined metal, recovering secondary metals and chemicals, and trading non-ferrous products. Zinc and lead are the core commodities, with copper, silver, indium and sulfuric acid among the associated outputs. The group expanded internationally through its investment in Perilya, an Australian mining company with a long-established lead-zinc-silver presence at Broken Hill in New South Wales. In February 2009, Australian authorities approved Zhongjin Lingnan's purchase of 50.1 percent of Perilya. The transaction gave Zhongjin Lingnan control of Perilya and access to the Broken Hill South and Potosi mines. In December 2013, Zhongjin Lingnan bought the remaining Perilya shares, completing the transition to full ownership. Perilya's broader portfolio has also included base-metal mining interests in the Dominican Republic and earlier-stage zinc-lead exploration projects in Canada. The group has participated in additional international exploration activity. Guangdong government reporting in 2013 identified Zhongjin Lingnan among provincial mining enterprises entering Canadian exploration joint ventures. These activities complemented, rather than replaced, the company's established Chinese mining and smelting base. Zhongjin Lingnan has also retained smaller property-development and logistics businesses associated with earlier diversification. Nevertheless, its corporate identity and economic importance are primarily tied to non-ferrous metals. In November 2015, the company joined nine other large Chinese zinc smelters in a commitment to reduce combined refined-zinc production by 500,000 tonnes in 2016. The pledge represented coordinated industry action in response to zinc-market supply conditions. Reported 2023 operating data indicated that the group's mines produced approximately 1.05 million tonnes of zinc-lead concentrate, while its smelters produced about 92,000 tonnes of refined zinc. These measures reflect the scale of its integrated structure: mined concentrate is an upstream output, whereas refined zinc is produced after further processing in smelters. Zhongjin Lingnan therefore combines the characteristics of a Chinese listed enterprise, a provincial state-influenced industrial group and an international base-metals operator.
- 2015
Refined-zinc production-reduction pledge
[1]Zhongjin Lingnan joined nine other Chinese zinc smelters in pledging a combined 500,000-tonne refined-zinc output reduction for 2016.
- 2013
Full ownership of Perilya
[1]The company acquired Perilya's remaining shares in December, obtaining full ownership.
- 2009
Acquisition of Perilya stake
[1]Zhongjin Lingnan received Australian approval to acquire a 50.1 percent interest in Perilya.
- 1998
Ownership transfers to Guangdong's state-asset system
[1]After the dissolution of China National Non-ferrous Metals Industry Corporation, control passed to the Guangdong provincial government through Guangdong Rising Assets Management.
- 1997
A-shares begin trading
[1]The company's A-shares began trading on the Shenzhen Stock Exchange on 23 January under ticker 000060.
- 1984
Company founded
[1]Zhongjin Lingnan was established during the restructuring of China's non-ferrous-metals sector and initially operated under China National Non-ferrous Metals Industry Corporation.
Products and positioning
An integrated, state-influenced Chinese non-ferrous-metals group combining domestic mining and smelting with international base-metal assets and trading activities.
Mining output
Zinc and lead concentrates
Zinc-lead concentrate is a principal upstream output from Zhongjin Lingnan's mining and beneficiation operations. Ore is extracted and processed to increase the concentration of commercially valuable metals before the material is supplied to smelting operations or traded. Reported mine production for 2023 was approximately 1.05 million tonnes of zinc-lead concentrate.
Smelted metals
Refined zinc
Refined zinc is produced through the group's downstream smelting activities, including operations associated with the Shaoguan lead-zinc smelter in Guangdong. It is a central commercial product and a key indicator of Zhongjin Lingnan's metallurgical capacity. Reported refined-zinc production was roughly 92,000 tonnes in 2023.
By-products
Associated non-ferrous-metal products
The company's mining and metallurgical processes also produce or recover copper, silver and indium. Sulfuric acid is another associated output of its smelting operations. These products complement the group's main zinc and lead business and improve the utilization of mineral and smelting streams.
Controversies
Brand decisions
2015
Join coordinated refined-zinc production cutsStrategyBackground
Major Chinese zinc smelters coordinated an industry response to market supply conditions.
Action taken
Zhongjin Lingnan joined nine other smelters in pledging a combined 500,000-tonne reduction in refined-zinc output for 2016.
Aftermath
The pledge positioned the company as a participant in coordinated Chinese smelter supply management.
2013
Complete the acquisition of PerilyaM&ABackground
After holding a controlling stake since 2009, Zhongjin Lingnan pursued full ownership of Perilya.
Action taken
The company purchased Perilya's remaining shares in December 2013.
Aftermath
Perilya became wholly owned by Zhongjin Lingnan, consolidating the Australian assets within the group.
2009
Acquire a controlling interest in PerilyaM&ABackground
Zhongjin Lingnan sought overseas expansion and access to established lead-zinc-silver resources in Australia.
Action taken
Following Australian approval, the company acquired 50.1 percent of Perilya.
Aftermath
The transaction gave Zhongjin Lingnan control of Perilya and its Broken Hill-area mining assets.
Recent events
- 2015
Chinese zinc smelters pledge coordinated production reductions[1]
Other
Zhongjin Lingnan joined nine other major Chinese zinc smelters in pledging a combined 500,000-tonne reduction in refined-zinc output for 2016.
- 2013
Zhongjin Lingnan completes acquisition of Perilya[1]
M&A
The company acquired the remaining Perilya shares in December 2013 and became the Australian company's full owner.
- 2009
Zhongjin Lingnan acquires a controlling stake in Perilya[1]
M&A
Australian approval enabled Zhongjin Lingnan to acquire a 50.1 percent interest in Perilya, giving it control of the Australian lead-zinc-silver mining company.
- 1997
Zhongjin Lingnan lists on the Shenzhen Stock Exchange[1]
Other
Zhongjin Lingnan's A-shares began trading on the Shenzhen Stock Exchange on 23 January 1997 under ticker 000060.
Sources3 sources
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