China’s Zijin Mining Sees Threats to New Overseas Projects

(Bloomberg) — Zijin Mining Group Co. Ltd., the major Chinese copper and gold producer, said a slowing global economy, geopolitical tensions and resource nationalism could restrict its overseas deal-making ambitions.

Net income rose 46% to 15 billion yuan ($2.1 billion) in the first half, bolstered by higher prices for its commodities and cost controls, Zinjin said Friday in a stock exchange filing. But the company flagged negative factors on the horizon that could affect “the company’s revenue, profits, merger and acquisitions of new overseas projects.”