Changes in Hong Kong stocks | Zijin Mining (02899) rose more than 4% and plans to acquire the RG gold mine project in Kazakhstan to further deepen its involvement in Central Asia

The Zhitong Finance App learned that Zijin Mining (02899) rose more than 4%. As of press release, it had risen 3.99% to HK$20.85, with a turnover of HK$173 million.

According to the news, on June 30, Zijin Mining announced that the company's wholly-owned subsidiary Zijin Gold International Limited (the company plans to split into the Hong Kong Stock Exchange, Zijin Gold International) and Jinha (Singapore) Mining Co., Ltd. (Jinha Mining), a wholly-owned subsidiary of Zijin Gold International in Singapore, signed an agreement with Cantech S.à.r.l (Cantech) on June 29, 2025, Beijing time. Jinha Mining intends to acquire RG Gold LLP (RGG) and RG held by Cantech Processing LLP (RGP) has 100% interest (RGG and RGP hereinafter collectively referred to as the target company) and obtained 100% interest in the Raygorodok Gold Mine (RG Gold Mine) project in Kazakhstan.

China Post Securities pointed out that the transaction is in line with the company's strategic direction of increasing mergers and acquisitions of major resource projects in neighboring countries. The mining investment environment in Kazakhstan is relatively good. The RG gold mine will form a good synergy effect with the company's Gilau/Taro gold mine in Tajikistan and the left bank gold mine in Kyrgyzstan, which will help the company further cultivate the mineral-rich Central Asian region in the future and optimize global resource allocation. Furthermore, the bank believes that if the RG gold mine is successfully delivered, it will significantly increase Zijin Gold International's asset size, profit level and global industry position, and help Zijin Gold International's listing and issuance work in the international capital market.