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ZIJIN MINING Plans to Splash USD1.2B to Acquire Kazakhstan Gold Mine Project
ZIJIN MINING (02899.HK) announced that its wholly-owned subsidiary, Zijin Gold International, through its wholly-owned subsidiary Jinha Mining in Singapore, intends to acquire 100%...
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ZIJIN MINING Plans to Splash USD1.2B to Acquire Kazakhstan Gold Mine Project
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ZIJIN MINING (02899.HK)  -0.450 (-2.195%)    Short selling $171.60M; Ratio 22.992%   announced that its wholly-owned subsidiary, Zijin Gold International, through its wholly-owned subsidiary Jinha Mining in Singapore, intends to acquire 100% equity interest in the Raygorodok Gold (RGG) project in Kazakhstan held by Cantech.

The specific acquisition target consists of 100% equity interest in RGG (which holds the mine assets) and 100% equity interest in RGP (which holds the processing plant assets) held by Cantech.

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The economic date of the Transaction is 30 September 2025. The consideration of the acquisition is based on the “cash-free and debt-free” basis of RGG and RGP on the economic date and is determined to be USD1.2 billion.

The specific amount of consideration to be paid will be adjusted by the parties to the Transaction based on the amount of cash, working capital, financial debt and other related items in the financial statements as at the base date.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-30 16:25.)

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