The landslide in March at Lukulama was a “disaster close to home” which again tested the enduring ability of the Porgera mine and its workforce, an official says. Jinghe Chen, the chairman of the new six-member Barrick New Guinea Limited board, is also the chairman of the Zijin Mining Group Company Ltd. He praised the leadership team under executive managing director Greg Walker and workers at the...

CHINESE company, Zijin Mining Group Company Limited is stepping up its efforts to expand its business outside China. It has already invested in eight countries including the Democratic Republic of Congo in Africa for the Kamoa Copper project, and PNG through the Porgera gold mine. Zijin Group chairman Jinghe Chen led a delegation to visit the Barrick (Niugini) Limited-operated Porgera gold mine fr...

From Thomson Reuters on August 31st China's gold demand is expected to rise and help push the price of bullion back to about $1,200 an ounce next year, the chairman of Zijin Mining Group <601899.SS> <2899.HK>, the world's biggest gold producer by market value, said on Monday. "China's government is expected to further increase gold reserves as it takes a very small portion of foreign exchange rese...

From Xinhua Financel Agency China's major gold producer Zijin Mining Group Co., Ltd (601899.SH; 02899.HK) announced on late Thursday that its wholly owned Norton Gold Fields Limited will offer about 45 million Australian dollars (about 205 million yuan), or 0.10 Australian dollar/share, to acquire all the issued shares of Australia's Phoenix Gold Limited that the Chinese company does not own. Nort...

From http://www.pretivm.com Pretium Resources Inc.(TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to announce that it has received an Environmental Assessment Decision Statement from the Federal Minister of the Environment which finds that theBrucejack Projectis not likely to cause significant adverse environmental effects. The Minister issued a Project Recommendation that includes a determination rega...

From Nasdaq.com Ivanhoe Mines Ltd. (IVN) and China'sZijin Mining Group Co., Ltd. have signed a landmark agreement to co-develop the Kamoa copper discovery in the? Democratic Republic of Congo. As per agreement terms, Zijin - through its subsidiary, Gold Mountains International Mining Company Limited - will acquire a 49.5% share interest in Kamoa Holding Limited, an Ivanhoe subsidiary that presentl...