Zijin Mining unit to list in Hong Kong, buys RG Gold

Zijin Mining Group Co. is advancing its global strategy through a dual approach: spinning off its subsidiary, Zijin Gold International, for a listing on the Hong Kong Stock Exchange, and acquiring the Raygorodok (RG) Gold project in Kazakhstan. Fujian Zhili Law Firm has issued a special review opinion confirming no insider trading issues related to the Zijin Gold International spin-off. The targeted listing aims to enhance Zijin Gold International's asset base and global standing. Concurrently, Zijin Gold International, through its subsidiary Jinhe Mining, will acquire 100% equity in RG Gold, encompassing both the mine (RGG) and processing plant (RGP) for USD 1.2 billion from Cantech S.à.r.l. RG Gold, currently in production, features substantial resources and is projected to immediately contribute to Zijin’s output and profitability, increasing total gold production. The Kazakhstan asset aligns with Zijin’s strategy to acquire significant resources in neighboring countries, and the deal complements existing assets in Tajikistan and Kyrgyzstan. The RG Gold acquisition is projected to close by September 30, 2025 and requires customary regulatory approvals.