Zijin Completes Purchase of 50% Shares of Porgera Project
On August 31st, Fang Qixue, the Executive Director, Vice President and Chief Engineer of Zijin Mining Group Ltd., signed the final delivery documents on acquisition of Porgera ld mine in Papua New Guinea. The deal has completed.
Porgera ld mine is considered as a large-sized and well-developed operating mine. With more than 300 tonnes (or 9.65 million ounces) of ld resources and over 15 tonnes (or 482 thousand ounces) of annual ld output, Porgera ld mine is recognized as possessing great resources growth potential.
This project is a vital step for both Zijin and Barrick ld to establish strategic partnership, and also has profound significance for Zijin’s internationalization.