Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
President Ilham Aliyev and First Lady Mehriban Aliyeva have arrived in Beijing to join the commemorations marking the 80th anniversary of the Victory in the Chinese People's War of Resistance against the Japanese occupation and World War II.
Iraqi Prime Minister Mohammed Shia al-Sudani met in Baghdad on Tuesday with Admiral Brad Cooper, head of U.S. Central Command (CENTCOM), to review security cooperation and future counterterrorism efforts.
Georgian Prime Minister Irakli Kobakhidze has said that Tbilisi will implement all of the European Union’s requirements only if they are “justified and logical.”
Türkiye’s tourism sector is breaking records, with new strategies and culture, putting the country firmly on the global map.
As leaders from across the region gather in China for the Shanghai Cooperation Organization summit, Georgia is notably absent. While Azerbaijan and Armenia strengthen ties with global powers, Georgia stays on the sidelines despite being an official strategic partner of Beijing.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment