Zijin Mining Group Co., Ltd. is a large international mining corporation engaged in the search, exploration and extraction of gold, copper and other mineral resources. Zijin Mining Group, whose combined assets and operating profit exceeded 100 billion yuan as of June 2020, is one of the most competitive companies in the mining industry, has a high production performance and controls a large volume of metal reserves. Listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange.
2025: Purchase of gold deposit in Kazakhstan for $1.2 billion
China's largest gold and copper producer in June 2025 agreed to buy the Raigorodok gold mine in Kazakhstan for $1.2 billion, Zijin Mining said in a statement on the Hong Kong Stock Exchange.
The remaining life of the mine is 16 years, and the average annual gold production is about 5.5 tons, which will benefit the production and profit of Zijin Mining in 2025, the company said.
The completion of the acquisition depends on the approval of the Chinese and Kazakh authorities. If the deal is completed, it would be the mining company's biggest acquisition in six years.
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