Zijin Mining plans spin-off of overseas gold assets

Zijin Mining Group Co., Ltd. (HKEX:2899) has announced plans for a spin-off and listing of its overseas gold mine assets under its wholly-owned subsidiary, Zijin Gold International Company Limited, on the Main Board of the Hong Kong Stock Exchange. The move aims to accelerate the company's internationalization, enhance its gold segment, and create a world-class listed international gold company. The proposed spin-off and listing, which was considered and approved at the eighth extraordinary meeting in April 2025, is expected to revalue gold assets and benefit the company and its shareholders, without affecting Zijin Mining's control over its overseas gold assets.