紫金矿业成功竞购圭亚那金田的经验与启示  

Experience and enlightenment of Zijin Mining s bidding for Guyana Goldfields Inc.

作　　者：孙涛 喻万强 王治华 郭浩 SUN Tao;YU Wanqiang;WANG Zhihua;GUO Hao(Zhaojin Group Co.,Ltd.,Zhaoyuan 265400,China)

机构地区：[1]山东招金集团有限公司,山东招远265400

出　　处：《中国矿业》2022年第5期42-47,共6页China Mining Magazine

摘　　要：中国矿业企业“走出去”已经成为其自身壮大发展的一种必然选择。近年来,众多中国矿业企业向外发展并积极参与了全球矿业的并购市场。然而,矿业投资的机遇和风险并存,并购道路也并非一帆风顺。因此,矿业企业在实施“走出去”战略的过程中,分析典型案例并借鉴成功经验显得尤为必要。紫金矿业集团股份有限公司竞购圭亚那金田有限公司是2020年矿业界一次经典的并购案例,紫金矿业集团股份有限公司通过本次并购,以较低的代价,获得一个年产黄金4 t以上,金资源量达到185 t的海外大型矿山,取得了在圭亚那的立足点,叩开了圭亚那矿业市场的大门。本文复盘这起竞购,认为紫金矿业集团股份有限公司取得成功的经验在于坚定执行公司发展战略,依据自身管理和技术优势准确发现和评价出优质项目,竞购过程中运用合理的操作方式和快速决策机制锁定项目,并购后高效整合实现投产。这些经验对于我国致力于跨国并购的大型矿业企业来说具有重要的借鉴意义。Chinese mining enterprises“going out”have become an inevitable choice for their own growth and development.In recent years,many Chinese mining enterprises have developed outwards and actively participated in the global mining mergers and acquisitions(M&A)market.However,the opportunities and risks of mining investment coexist,and the road to M&A has not been smooth sailing.Therefore,it is particularly necessary for mining enterprises to analyze typical cases and learn from successful experiences.Zijin Mining s bid for Guyana Goldfields Inc.is a wonderful case of merger and acquisition in the mining industry in 2020.Through this merger and acquisition,Zijin Mining won an overseas large-scale mine with an annual output of more than 4 tons of gold and 185 tons of gold resources at a low cost,gained a foothold in Guyana and opened the door of Guyana mining market.This paper reviews this bidding,and thinks that Zijin Mining s successful experience lies in firmly implementing the company s development strategy,accurately finding and evaluating high-quality projects according to its own management and technological advantages,locking projects in the bidding process by using reasonable operation methods and quick decision-making mechanism,and realizing the efficient integration and production after merger and acquisition.These experiences have important reference significance for large mining enterprises in China that are committed to cross-border mergers and acquisitions.

关 键 词：紫金矿业 圭亚那 矿业并购 矿业投资 矿业企业 

分 类 号：F407.1[经济管理—产业经济]