S&P rates Zijin Mining BBB-

S&P said it assigned a BBB- long-term issuer credit rating to Zijin Mining Group Co. Ltd.

The outlook is stable.

The rating reflects an expectation that the company will maintain its satisfactory market position in the metals mining business, S&P said.

The agency also said it anticipates the company will maintain relatively low leverage and adequate liquidity in the next 12 months.

S&P said it believes Zijin will remain one of the largest metals producers in China in the next few years.

The agency also said it views the company to be a medium- to large-sized metals miner globally.

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