Zijn targets gold mines in Africa

[miningmx.com] – CHINA’S largest gold producer by value, Zijn Mining Group, was interested in making acquisitions in Africa, said Bloomberg News citing the firm’s CEO, Wang Jianhua.

“We are seeing some buying opportunities in Africa and are examining related infrastructure development and geopolitical risks there,’ Wang said in an interview with the newswire service.

“What we are interested in buying are those on the world gold mining belt with big sizes,’ he said. Zijin set aside $1.3bn for acquisitions this year, according to Zijn Mining CFO, Hongying Lin.

Click here to read the full article