6 September 2015
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 gold mine in Papua New Guinea. The deal has completed.
Porgera gold mine is considered as a large-sized and well-developed operating mine. With more than 300 tonnes (or 9.65 million ounces) of gold resources and over 15 tonnes (or 482 thousand ounces) of annual gold output, Porgera gold mine is recognized as possessing great resources growth potential.
This project is a vital step for both Zijin and Barrick Gold to establish strategic partnership, and also has profound significance for Zijin's internationalization.
Zijin Mining is a gold producing company based in China.
Zijin Mining holds various exploration projects in China and in Peru.
Its main asset in production is JILAU GOLD MINE in Tajikistan, its main asset in development is SHUIYINDONG in China and its main exploration properties are QUINGHAI, JINSHANGOU and ZIJINSHAND in China.
Its stock quote reached its lowest recent point on June 28, 2013 at 1.23, and its highest recent level on April 25, 2024 at 17.02.
Zijin Mining has 21 540 741 120 shares outstanding.