Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Zijin Mining to raise max RMB8 bln to purchase 100 pct stakes of Nevsun

January 03, 2019


Abstract : China’s major gold producer Zijin Mining Group Company Limited (601899.SH; 02899.HK) announced that it plans to issue no more than 3.4 billion A-shares to raise a maximum of 8 billion yuan, for purchasing 100 percent stakes of Nevsun Resources.

u=1968782234,4154680163&fm=26&gp=0

BEIJING, Jan. 3 (Xinhua) -- China’s major gold producer Zijin Mining Group Company Limited (601899.SH; 02899.HK) announced that it plans to issue no more than 3.4 billion A-shares to raise a maximum of 8 billion yuan, for purchasing 100 percent stakes of Nevsun Resources.

Nevsun Resources is a company focusing on exploration and development of mineral resources, which had been listed on Toronto Stock Exchange and New York Stock Exchange (NYSE).

Nevsun operates Bisha, an open pit zinc-copper mine in Eritrea and is developing the Timok copper-gold project in Serbia.

According to a company filing, Zijin Mining will increase resource reserve of copper, gold and zinc after the purchase, so as to improve the core competitiveness and international standing of the company. (Edited by Ma Xin, maxin11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Zijin Mining Group

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial