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Zijin Miningi

Zijin Mining is one of the largest gold and copper producers in China. It operates mining projects in various Chinese regions and in 15 countries abroad. Its core asset is the Zijinshan copper-gold mine in Fujian. It also has stakes in projects in the Democratic Republic of the Congo, Australia, Tajikistan, Papua New Guinea, Peru and Canada.

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  • Canada tightened foreign investment rules for the critical minerals sector, and forced 3 Chinese investors to sell their stakes in Canadian companies in 2022
  • Chinese investors have been among the most active in Canada’s mining industry, ploughing about US$15 billion between 1993 and 2023

Gold’s rally, powered by a combination of economic uncertainty and central banks’ buying to mitigate sanctions, could sustain giving legs to Chinese stocks linked to the precious metal.

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Zijin Mining, one of China’s largest gold and copper miners, is entangled in a legal dispute with Australian miner AVZ Minerals over the purchase of a stake in one of the most important lithium projects in the world.

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A rally in gold prices to an all-time high is underpinning a surge in mergers and acquisitions as unprofitable or marginally economic assets become viable targets.

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Zijin Mining, China's largest gold producer, is being hit by a lower gold prices and a decline in the gold content of ore at its mainstay mine.