China’s Zijin Mining Group Co. is worth more than $100 billion at the market close for the first time, after a decade-long growth push that’s put it in the big league of metals miners along with Rio Tinto Group and BHP Group.
The company’s Shanghai shares closed Thursday at their highest level ever, delivering a market capitalization of about 732 billion yuan ($103 billion) amid rising prices for its linchpin commodities, copper and gold. The firm is also in the midst of planning a public listing for its international gold business.