Guyana Goldstrike Inc.
$3.2 MILLION STRATEGIC INVESTMENT FROM ZIJIN GLOBAL FUND AND ZIJIN MIDAS EXPLORATION FUND LLC
About Zijin Mining Group Company Limited
Zijin Mining Group Company Limited was founded in 1986 and is a large-scale mining group headquartered in Shanghang County, Fujian Province, PRC.
It is the largest gold producer, the second largest copper producer, and a significant zinc, tungsten and iron ore producer in China.
The company trades on the Shanghai and Hong Kong stock exchanges and has a market capitalization of over US$9 billion. As of 2016 it held over US$12 billion in assets.
Zijin engages in the exploration, mining, processing, refining, production, the sale of gold, and other non-ferrous metals in Mainland China.
It primarily produces gold bullion; gold, copper, zinc, tungsten, lead, and iron concentrates; and copper cathodes, zinc bullion, vitriol, copper plate, silver, and tin.
Zijin has an extensive product portfolio of gold, copper, lead and zinc, tungsten, iron ore and other base metals and has interests and investments in 24 provinces across China and 9 ( now 10 with Guyana) foreign countries.
Zijin owns the Global Fund and the Zijin Midas Exploration fun. These funds are funded and operated by Zijin. Both funds have a mandate of investing in both production and exploration stage mining projects of exceptional merits worldwide.
In December 2017 Zijin − through its subsidiary, Gold Mountains (H.K.) International Mining Company Limited – completed a US$412 million investment for a 49.5% interest in Ivanhoe Mines’ Kamoa copper project in the Congo in western Africa.
In October 2017 Zijin and the Sprott Group of Companies made a $C6 million strategic investment into Skeena Resources for the development of the past-producing Snip mine in northwest BC, Canada
In May 2015 Zijin invested C$80 Million in Pretium Resources for the development into its Brucejack Project located in BC, Canada.
In 2014 Zijin acquired 50 per cent stake in the Porgera mine in Papua New Guinea through Barrick Gold Corp.’s Barrick (Niugini) Ltd.
According to Zijin its goal is to evolve into an international mining giant utilizing high-technology, and efficient and profitable operations. It adopted a “Three-Step Strategy”, first to be one of China’s top gold producers which it achieved in 2005, second to be a leader in the domestic mining industry achieved in 2009, and finally, to join the other first class global mining giants by 2020.