Zijin Mining, China's largest gold and copper producer, said on Monday (June 30, 2025) that it plans to acquire Kazakhstan's largest gold mine, Raygorodok Gold Mine, for US$1.2 billion.

Zijin Mining announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary Zijin Gold International and its Singapore subsidiary Jinha Mining have signed an agreement with Cantech to acquire its 100% interest in the RG gold mine project in Kazakhstan for US$1.2 billion.

The gold mine consists of mining assets and processing plant assets.