China’s leading gold and copper producer, Zijin Mining, announced on Monday that it has agreed to acquire Kazakhstan’s Raygorodok Gold Mine in a $1.2 billion transaction, marking one of the largest foreign investments in the Central Asian country's mining sector.
The acquisition will be executed through Zijin’s international arm, Zijin Gold International, and its subsidiary Jinha Mining. The deal involves the purchase of RG Gold LLP and RG Processing LLP, the Kazakh companies that own and operate the Raygorodok mine and its associated processing facilities.
In a statement, Zijin said the transaction includes all mine assets held by RG Gold and processing infrastructure managed by RG Processing. The company noted that the deal strengthens its overseas gold portfolio at a time when global gold prices remain elevated amid persistent U.S.-China trade tensions and broader geopolitical uncertainty.
The strategic move comes as Zijin prepares to spin off Zijin Gold International and pursue a public listing on the Hong Kong Stock Exchange, part of a broader reorganization of its international gold holdings announced earlier this year.
Located in northern Kazakhstan, the Raygorodok mine is one of the largest gold operations in the country and a key asset in Kazakhstan’s growing mining sector. The acquisition is expected to bolster Zijin’s global gold production capacity and expand its footprint in Central Asia—a region increasingly viewed as critical for diversifying resource supply chains.
Kazakhstan, rich in mineral resources, has welcomed foreign investment in its extractive industries, and Chinese firms have steadily increased their presence through energy and mining deals over the past decade.
Zijin’s latest purchase underscores China’s continued efforts to secure critical raw materials and expand its influence in global mining, particularly as gold prices hold above $3,200 per ounce and investors continue to favour the precious metal as a hedge against geopolitical and economic risk.
In a workshop surrounded by the wreckage of war, workers in Gaza are giving a second life to small leisure boats once used for family outings and swim...
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerba...
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington m...
The United States has announced an additional $38 million to support efforts to contain the Ebola outbreak in the Democratic Republic of Congo, as hea...
Armenians will vote on Sunday in a parliamentary election that will determine whether Prime Minister Nikol Pashinyan secures a new mandate to pursue ...
In a workshop surrounded by the wreckage of war, workers in Gaza are giving a second life to small leisure boats once used for family outings and swimming trips.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington moves to strengthen its armed forces.
Armenians will vote on Sunday in a parliamentary election that will determine whether Prime Minister Nikol Pashinyan secures a new mandate to pursue peace with Azerbaijan or cedes ground to pro-Russian rivals.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Azerbaijan has strongly rejected allegations published by CNN claiming that its territory was used for Israeli military and intelligence operations against Iran, describing the report as entirely baseless and demanding a retraction.
Armenia will hold parliamentary elections on 7 June 2026, a vote that will shape the country’s political direction for the next five years. Understanding how the electoral system converts votes into parliamentary power is key to following the outcome and its wider regional implications.
Armenia’s National Assembly election on 7 June is increasingly being viewed not only as a domestic political contest, but also as a vote that could shape the future direction of the South Caucasus.
The United Nations has warned that Afghanistan has one of the highest maternal mortality rates in the world, with around 600 mothers dying for every 100,000 live births.
In a workshop surrounded by the wreckage of war, workers in Gaza are giving a second life to small leisure boats once used for family outings and swimming trips.
A seven-month-old Palestinian baby has been killed and his parents injured after Israeli forces fired at a vehicle in Hebron, Palestinian health officials say.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
Azerbaijan is once again at the centre of global climate diplomacy, hosting World Environment Day 2026 and bringing together international leaders, policymakers and organisations to address urgent environmental challenges.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment