Zijin Mining Mining News

Ivanhoe execs brief Congo president on progress of massive copper project

According to Wood Mackenzie, it is the world's largest, undeveloped, high-grade copper discovery.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

Barrick’s CEO visits Papua New Guinea to support extension of Porgera mining lease

“Without the security of an extended mining lease, it would be difficult to justify further significant investments in the mine,” a statement by the Canadian miner reads.

Vancouver miner to partner with Zijin for gold project in the Kyrgyz Republic

The project encircles the Taldybulak Levoberejnyi Mine, which was recently built by Zijin and contains 3.2 million ounces in reserves and resources at a grade of 7.2 g/t.

China’s Zijin plans selling $1.2B worth of shares to fund Nevsun takeover

China’s No.1 gold miner aims to sell up to 3.4 billion A shares to investors, a plan which is subject to shareholder and regulatory approval.

Serbia's mining sector could contribute 5% of national output by 2023- minister

Rio Tinto and China's Zijin Mining are potentially the biggest investors.

China’s Zijin clears last regulatory condition for $1.4B Nevsun takeover

Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.

China's Shandong Zhaojin seeks South American mining assets

The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.

China's Zijin sees 2018 gold output at about 37 tonnes

The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.

Canadian M&A surges in Q3 as mining, real estate deals rebound

Quarterly deal volume was up 91% to $75.7 billion from $39.6 billion in the same period last year, bucking a global trend of declines in Europe and Asia.

Congo will declare cobalt and other minerals as "strategic" in coming days – mines minister

The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.

Copper deal day hits with a flurry of M&A for the hottest metal

“Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling.

China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.

China’s Zijin wins race for Serbia’s largest copper mine

RTB Bor copper mining and smelting complex was crucial for the country before the collapse of communist Yugoslavia. However, it later became a burden on the country’s struggling economy because of malpractices and international sanctions.

Ivanhoe Mines and Zijin virtually triple hydroelectric output to support the Kamoa-Kakula Copper Project

Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.

China’s Zijin pays off stake in Ivanhoe’s Congo copper project

Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.

Chinese buying 50% of Barrick Veladero, Pascua Lama-report

Veladero could fetch more than $1 billion despite operational setbacks.

Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.

Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina

The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.

Canada's Ivanhoe Mines to hire strategic adviser after unsolicited interest

Shares in the Vancouver-based miner soared Monday as the firm said it would likely hire an investment bank to advise the board on all strategic options.

Ivanhoe Mines’ DRC project likely Africa's top copper discovery shows fresh drilling results

Shares in the Canadian company were up more than 3.6% Thursday morning on the news.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

China’s Zijin Mining profit in 2015 hit by gold, base metal prices slump

Net profit for 2015 dropped by almost 30% to $261 million (1.7 billion yuan) from the previous year's $353 million.

China’s Zijin hands $298 million to partner Barrick Gold

The cash injection comes from selling half of its interest in the Porgera mining operation to the Chinese group last May.

Congo’s Gecamines sells copper assets to Chinese for $52 million

The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.