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Zijin Mining cuts dividend for FY'15

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Zijin Mining cuts dividend for FY'15

Zijin MiningGroup Co. Ltd. on May 4 recommended for shareholder approval afinal dividend of 60 Chinese fen per 10 shares for the year ended Dec. 31,2015, which is lower thanthe 80 fen per 10 shares the company paid for 2014.

The total payout will amount to 1.29 billion yuan.

Meanwhile, the company is also seeking shareholder approvalto cancel the 32.07 million repurchased H shares.

After cancellation, the company will have 21,540,743,650shares outstanding.

Also, Zhu Guang was proposed for election as an independentnonexecutive director to the company board, subject to approval at the June 20 annualgeneral meeting.

As of May 5, US$1 wasequivalent to 6.50 Chinese yuan.