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Zijin Mining Groupi

Zijin Mining Group is one of the largest Chinese gold producers in China, and operates the Zijinshan Gold Mine. It paid US$240 million for control of Australia’s Norton Gold in 2012.

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  • Gold prices hover at all-time highs amid US banking crisis fears and global central banks stockpiling at a frenetic pace
  • Stocks of gold producers Shandong Gold, Zhongjin Gold and Zijin Mining are up by around 10 per cent in 2023, beating the CSI 300 Index’s 1.7 per cent gain
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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.

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.