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2022
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Spend nearly 4 billion! Zijin shares in China's largest single gold mine!
On the evening of October 12, Zijin Mining announced that it would invest 3.9845 billion yuan to acquire a 30% stake in Shandong UBS Mining through an agreement transfer, becoming the second largest shareholder of Shandong Laizhou Sea Gold Mine, China's largest single gold mine.
On the evening of October 12, Zijin Mining announced,It will invest 3.9845 billion yuan to acquire 30% of Shandong UBS Mining through an agreement transfer, becoming the second largest shareholder of Shandong Laizhou Haihai Gold Mine, China's largest single gold mine.
The offshore gold mine is the largest single gold mine newly discovered in the world in the past 20 years, and it is also a rare world-class high-grade gold mine to be developed in China.According to JORC international standards, the offshore gold mine has 562.37 tons of gold resources with an average grade of 4.20g/ton, including 212.21 tons of reserves with an average grade of 4.42g/ton.
The sea area gold mine is held by 100 of UBS, Shandong Province. After the transaction is completed, Zijin Mining will hold 30% of the mine's equity. The company will add 168.7 tons of equity gold resources and the total gold resources will exceed 2600 tons. According to the design plan, the mine is planned to be completed in 2025 and put into production as a whole,With an annual mineral gold of about 15-20 tons and a service life of 23 years, it has become the largest gold mine in China, corresponding to 4.5-6 tons of new gold equity production in Zijin Mining.
The sea area gold mine is the first offshore gold mine in China. It is located in the world-renowned gold mine enrichment area and the most important gold industry base in China-the first-level metallogenic belt in Jiaodong area of Bohai Bay, Sanshandao-Cangshang fault metallogenic belt. The metallogenic geological conditions are superior, and a number of large and large gold mines such as Sanshan Island and Cangshang have been explored in the region. The gold ore body in the sea area is thick and large. In just a few years since it has been proven, the amount of gold resources has increased by about 100 tons. At present, the deep part of the ore body exploration area has not been closed. The potential for prospecting and increasing reserves is very significant. It has the reputation of "2000 meters under the sea.
The sea area gold mine is designed to mine underground, with a mining scale of 12,000 tons/day, good ore endowment, low mining cost and a beneficiation recovery rate of 97%. Mining license, project approval, environmental assessment approval, energy conservation approval and safety facility design review approval have been obtained, and the license is basically complete. According to the preliminary design plan for 2021, the total investment in the project construction is about 6 billion yuan, and so far it has invested about 1.4 billion yuan. According to the geological report and many years of mining experience in the nearby Sanshandao gold mine, the overall stability of the gold rock body in the sea area is good, and the seabed mud sediments with a certain thickness play a role in water isolation and the stability of the ore body roof, which provides favorable conditions for the project mining.
Gold resource countries are the ballast of financial security, which has important strategic and risk-averse significance. S & P data show that in the past decade, the difficulty of prospecting and exploration of global gold resources has continued to increase, and the newly explored resources, especially the shallow resources, have decreased sharply, and the deep part has become one of the important ways for the sustainable resources of major gold enterprises in the world. Zijin Mining's entry into deep sea gold mines is of great significance to the company's efforts to increase its domestic gold resources, achieve its goal of producing 80-90 tons of gold in 2025, expand its new mine development model, and build a new global competitive advantage in gold mining.
At the same time, the controlling shareholder of UBS Mining is Zhaojin Mining, a large domestic gold company. It has rich experience in gold mine operations, especially deep-sea mining. It recognizes and supports Zijin Mining's implementation of this share merger and acquisition. In China, give full play to their respective advantages, achieve effective coordination, and strive to build the sea gold mine into China's largest, deepest, and most profitable modern gold mine.
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