Zijin Mining to acquire Kazakh gold mine in $1.2B deal - Global Tactical Metals

HSBC ups gold price outlook for 2025 and 2026

Peabody–Anglo $3.8B coal deal on the brink after mine fire

August 13, 2025

HSBC ups gold price outlook for 2025 and 2026

Peabody–Anglo $3.8B coal deal on the brink after mine fire

August 13, 2025

Published by Eduardo Soto on July 3, 2025

Categories

Uncategorized

Tags

China’s biggest gold and copper producer Zijin Mining said on Monday it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok gold mine, for $1.2 billion.

Zijin said its unit Zijin Gold International and Jinha Mining, a subsidiary of Zijin Gold, had inked a deal to acquire the rights of RG Gold LLP and RG Processing LLP, the Kazakhstan-based gold mining firms that currently own and operate the Raygorodok gold mine.

The gold mine comprises the mine assets held by RGG and the processing plant assets held by RGP, Zijin said in a statement.

The timing of the deal aligns with a surge in global gold prices amid ongoing uncertainty around US-China trade tensions.

Earlier in April, Zijin laid out its intention to spin off its unit, Zijin Gold International, and list it in Hong Kong as part of a reorganization of its overseas gold assets.

Source: MINING.COM

Eduardo Soto

Comments are closed.

Quick Links

Get In Touch

Company Presentation

Download Here

Be the First to Know – Subscribe to Our Newsletter!

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This website contains “forward-looking information” including “future oriented financial information” under applicable Canadian securities legislation. Except for statement of historical fact relating to the Company, information contained herein constitutes forward-looking information including, but not limited to any information as to the Company’s strategy, objectives, plans or future financial or operating performance; results of feasibility studies; the exploration, development, and potential production of nickel, antimony and other defense metals; the Company’s plans, strategies, and objectives for exploration and related activities; the anticipated timing and costs associated with exploration programs; future market demand for antimony and other defense metals, including their potential applications in critical industries; the ability to secure financing or strategic partnerships to advance exploration projects; and assumptions related to regulatory approvals, environmental compliance, and economic conditions.
Forward-looking statements are characterized by words such as “plan”, “expect”, “budget”, “target”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or negative versions thereof, or statements that certain events or conditions “may”, “will”, “should”, “would” or “could” occur.
Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made and is inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking information.
These factors include the fluctuations in commodity prices and global demand for antimony and other defense metals; exploration and development risks, including technical, operational, or environmental challenges; the ability to obtain necessary permits, licenses, or approvals; changes in legislation, government regulations, or geopolitical events that may affect the industry; availability of capital or financing on acceptable terms; and risks inherent in mineral exploration and development, including the possibility that exploration results may not lead to the discovery of viable mineral resources; and those risk factors discussed in the Company’s filings with the securities regulatory authorities in the applicable provinces of Canada and available at www.sedarplus.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained on the website is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and results as at and for the periods ended on the dates presented in the Company’s plans and objectives and may not be appropriate for other purposes.

© Global Tactical Metals 2025 All Rights Reserved. | Website and data managed by CapitalizIQ