China's Zijin sees 2018 gold output at about 37 tonnes

By Reuters / October 18, 2018 / www.mining.com / Article Link

TIANJIN, Oct 18 (Reuters) -

* Zijin Mining Group Co Ltd, one of China's biggest gold miners, will produce around 37 tonnes of the precious metal in 2018, its chairman said on Thursday.

* The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.

* Zijin is "paying attention" to Tanzania but "not yet negotiating", he said, after Reuters reported earlier this year that it would set up a joint venture with Acacia Mining, a unit of Barrick Gold, to develop Tanzanian gold mines.

* Zijin, which last month agreed to acquire Canadian miner Nevsun Resources Ltd for C$1.86 billion, has already had some preliminary communication with Freeport McMoRan Inc over development of the Timok copper project in Serbia, Chen added.

* The lower zone of Timok is a joint venture between Nevsun and Freeport

(Reporting by Tom Daly; Editing by Sunil Nair)

Recent News

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok