Zijin Mining (02899) has announced the successful completion of its issuance of $1.5 billion in zero-coupon, secured convertible bonds on February 5, 2026, with all conditions under the subscription agreement having been met. The net proceeds from the bond offering, after accounting for fees, commissions, and expenses, are approximately $1.527 billion. The company plans to allocate around $1.2 billion of the proceeds towards capital expenditures for the construction of the Ariana project in Peru. The remaining funds will be used to supplement working capital and for general corporate purposes.