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.
About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).