Zijin Mining Group Co Ltd (PK) (ZIJMF) 銘柄情報

12thMan, GOLD is still hovering below $1300 USD and Zijin Mining stocks will handsomely improve once it recovers yet again....

Interesting, when and if Kerr Mines has their AGM on Oct. 24th as mentioned via Sedar with any positive news these stocks should s e r i o u $ l y POP! imho

http://www.investorx.ca/search/00003818/kerr-mines-inc


With an experienced team in place, Kerr Mines implements a strategy to create profits for shareholders.

In the Western United States, and in Arizona in particular, the mining industry is a vibrant and valuable part of the economy and has been for more than a century.

There is an incredible inventory of economic mineral deposits in the rust-colored lands. When combined with pro-mining communities and government, Arizona ranks in the top 10 mining jurisdictions globally. This makes the state a highly attractive location for mining companies to invest.

Claudio Ciavarella knows this all too well. He’s a professional accountant by trade, as well as a private business owner. As a long-time investor in the precious metals space, he has a deep understanding of the mining landscape.

For the past 12 years, Ciavarella has been an investor in Kerr Mines and its Copperstone Project, a high-grade, fully permitted gold deposit. Today, he is the second largest shareholder of the company, and its CEO.

“There are many aspects that make Kerr Mines unique from other junior mining companies,” he shared. “As a private business owner, I know how critical every dollar is to the success of a company.”

A Company in Friendly Hands

In early 2016 the company was facing financial difficulties. At the time, the sector was also suffering and many companies were facing bankruptcy or being sold below book value.

“I decided to become more active in the company,” Ciavarella said. “I met with one of the large shareholders (now the Chairman) and we both agreed that we wanted all the shareholders to participate in the upside of the business rather than see it go into bankruptcy.”

The pair agreed to implement a significant turnaround strategy. They purchased all the debt from the debtholders, injected fresh capital into the business, and in April 2017, Ciavarella took on the position as CEO.

“This decision gave us a lot of credibility in the market,” he commented. “It was definitely a unique approach and one that was not expected. Purchasing and restructuring all the debt significantly de-risked the company as all of the debt moved into friendly hands with long-term maturities.”

This afforded the company with the necessary financial stability to allow the management team to move the Copperstone mine forward and continue creating shareholder value.

The Copperstone Mine

The Copperstone project is a former producing mine with high-grade gold resources defined. When Kerr acquired the asset—which included a land package that is approximately 3,600 hectares—the company’s geologists believed there would be tremendous exploration potential for adding to the existing resource.

As such, the opportunity to continue creating shareholder value through the implementation of its exploration program became a key strategic focus.

Previous drilling efforts from the publically-traded company that owned the Copperstone Project before Kerr indicated that the Copperstone asset is a high-grade gold project. There is 43-101 compliant historical resource of approximately 300,000 ounces with a grade of approximately 10 grams per ton.

“The aspect that creates our confidence as we move forward is the fact that previous drilling on the project has been successful in identifying additional opportunities that were never pursued due to lack of capital, we are pursuing these and other targets to expand our resources,” said Ciavarella.

In addition to the many highly attractive features of this project, which include prior successful production of over 500,000 ounces of gold from the Copperstone zone, an existing resource, a huge land package with tremendous exploration upside, excellent supportive mining jurisdiction, and all permits in place, is the added benefit that all infrastructure required to operate a mine are in place as well.”


https://thebossmagazine.com/mining-industry-kerr-mines/#

12thMan, I wonder if Waterton Global Resource, Barrick, Zinjin Mining or NewCrest will try to acquire any of Kerr's golden assets while the POG is down?
https://www.watertonglobal.com/login.html

I'll volunteer to mod.

Nice dip recently.

Adding ZIJMF to my watchlist.

Chinese state owned gold company? Sounds interesting.

Yes i like this company ....

Zijin mentioned in report covered by Zerohedge

Among the gold companies we cover, Zhaojin Mining stands out for its superiorproduction growth and low production cost.
More importantly, it has built a track record in low-cost expansion throughexploration and acquisition.

We also like Zijin Mining for its cheap valuation and Philex Mining, which has the potential tocreate value by spinning off its petroleum business and restarting its Bulawan mine.

http://www.zerohedge.com/article/standard-chartered-three-factors-will-drive-gold-5000

http://www.scribd.com/doc/57833659/In-Gold-We-Trust-061411

Longterm hold

Lets see if we can hold here .....

looks like a good dip to buy ....

CHINESE state-owned Zijin Mining has received Foreign Investment Review Board approval for its friendly $545 million takeover of Melbourne junior Indophil Resources.

http://www.theaustralian.com.au/business/zijin-mining-gets-the-nod-to-buy-indophil/story-e6frg8zx-1225817861877

China's Zijin to bid $494 mln for Indophil -report

MELBOURNE, Dec 1 (Reuters) - Zijin Mining Group Co (2899.HK), China's largest listed gold company, is set to make a A$540 million ($494 million) friendly bid for Australian miner Indophil Resources NL (IRN.AX), a newspaper reported on Tuesday.

Zijin is expected to offer A$1.28 a share, an 18 percent premium to Indophil's last trade, and in line with two other unsuccessful bids for Indophil last year, the Australian Financial Review said, citing one unnamed source.

Indophil owns 34.23 percent of the $5.2 billion Tampakan copper and gold project in southern Philippines. The project is controlled by Swiss-based miner Xstrata (XTA.L), which also owns 19.9 percent of Indophil and tried to take it over last year.

Zijin's shares were put on a trading halt on Monday pending an announcement on an acquisition. ($1=1.094 Australian Dollar) (Reporting by Sonali Paul) ((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSYD42582120091130

Zijin Mining Group Co., Ltd. Subsidiary to Invest in Continental Minerals Corporation

Zijin Mining Group Co., Ltd. announced that its wholly owned subsidiary will purchase 21,121,495 shares of common stock in Continental Minerals Corporation at CAD 22,599,999.65, which represents 12.80% of its shares outstanding.

Zijin Mining Group Co Ltd. Appoints Mr. Chen Jinghe AS Chairman And Mr. Luo Yingnan As President


Monday, 9 Nov 2009 12:00am EST
Zijin Mining Group Co Ltd. announced that Mr. Chen Jinghe was elected as the Chairman of the Company (Mr. Chen Jinghe previously was the Chairman and President of the Company in last term), Mr. Luo Yingnan was elected as the President of the Company (Mr. Luo Yingnan previously was the Vice Chairman of the Company in last term). The term of service of all the Directors is three years for the period from November 5, 2009 to November 4, 2012.

UPDATE 1-Zijin missed outbound investments on misjudgements-CEO

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSHKG12600320091021

Manila says China's Zijin eyes $1 bln gold, copper ventures

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSMAN43183720091015

Barclays raises stake in Zijin Mining to 9.19%

Oct. 27, 2009 (China Knowledge) - Britain's Barclays Bank Plc on Oct. 16, raised its shareholding in Zijin Mining Group Co<601899><2899> to 9.19% from the previous 8.84%, according to the British firm's filing with the Hong Kong Stock Exchange. Barclays said that it bought 14.22 million H shares of Zijin Mining at an average share price of HK$8.12 apiece. Zijin Mining, China's larges

DJ Zijin Mining To Acquire 37.5% Of Base Metal Miner For CNY105M

http://www.tradingmarkets.com/.site/news/Stock%20News/2654917/

Zijin Mining to buy 37.5% stake in Wancheng Commercial

Nov. 17, 2009 (China Knowledge) - Zijin Mining Group Co<601899><2899>, China's largest gold producer, is planning to purchase an additional 37.5% stake in Wancheng Commercial Dongshengmiao Co, a China-based metal miner and processor, sources reported. Zijin Mining said in a statement that it will pay RMB 105 million in total for the stake from three shareholders. It will buy a 15% sta