Shandong Gold Mining

China

  • (0 review)

$30,000 (Invest Range)

Description

Shandong Gold Group is the parent company of Shandong Gold Mining, which is publicly listed on the Shanghai Stock Exchange. As a state-owned enterprise, it is directly supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the Shandong Provincial Government.

In September 2018, Shandong Gold formed a strategic partnership with Canadian mining giant Barrick Gold, involving mutual cross-investment of up to $300 million. This followed the acquisition of a 50% stake in Barrick's Veladero mine in Argentina in 2017.

Shandong Gold is a member of the World Gold Council, a global industry body promoting responsible gold mining practices.

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