Reuters reported that Chinese gold and copper miner Zijin Mining Group Company Limited estimated CNY 5.8 billion profit for 2011 up 20% from the prior year.

In a filing to the Hong Kong bourse, Zijin said that operating revenue rose 39.5% YoY to CNY 39.82 billion with total assets increasing 38.8% to CNY 53.29 billion. The increase in revenue and profits was driven by higher prices for products such as gold.

(Sourced from Reuters)