China’s Zijin Mining said it was in talks with Zangge Mining’s two shareholders to buy a controlling stake in the miner. The potential deal would allow Zijin to consolidate its ownership over the Julong copper project in Tibet, its joint venture with Zangge. Tibet Zangge Venture Capital and Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment Management collectively own about…
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Barrick and its joint venture partner Zijin Mining, both of which own the Porgera gold mine in Papua New Guinea (PNG), have made a financial contribution to support the communities of the region following a landslide in the mine’s neighboring community of Mulitaka. The contribution of US$1 million, or Kina 3.8 million, is not the only help the miners have…
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Pan American Silver has agreed to sell its 100% stake in La Arena, which owns the La Arena gold mine as well as the La Arena II project in Peru, to Jinteng (Singapore) Mining, a subsidiary of Zijin Mining. Under the terms of the deal, at closing Zijin will pay US$245 million in cash and will grant Pan American a…
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Zijin Mining has received local government approval for the second phase expansion of its Julong copper mine in Tibet, reported Reuters. The expansion will raise the total capacity of the mine to around 350,000 metric tons of copper per day, and will require an investment of around 17.5 billion yuan (US$2.43 billion). “After the Julong Phase 2 Project is completed…
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A bombing by illegal miners on May 17 at Zijin Mining’s Buriticá gold mine in Colombia killed two people and injured 14. Underground operations at the mine, which is located in the Antioquia province, were suspended following the incident. “Zijin Mining is deeply shocked and outraged by the attack. We strongly condemn the heinous actions of the criminals and express…
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China’s Zijin Mining said one of its mines in Tibet has halted operations after an accident left six subcontractor employees missing, reported Reuters. Full story.
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The Argentina Ministry of Production has reportedly confirmed plans by Chinese group Zijin Mining and its Liex division to invest $380 million in the erection of a lithium carbonate facility in the northern Catamarca province. View full article from The Asia Miner.
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