China's Zijin strikes gold in Kazakhstan with $1.2bn deal

Company buys mine as part of Central Asia expansion

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Zijin aims to increase its annual gold production from 73 tons in 2024 to over 100 tons by 2028.

LUO GUOPING and HAN WEI, Caixin

Zijin Mining Group Co., China's largest gold producer, has struck a $1.2 billion deal to acquire a massive gold mine in Kazakhstan in a major push to expand its overseas footprint while consolidating resources closer to home.

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