China's ZiJin Mining completes acquisition of Kazakh gold mining company RG GoldThe Verny Capital group of companies, together with its strategic partner, the American investment fund Resource Capital Funds (RCF), has completed the sale of the gold mining company RG Gold to a subsidiary of Zijin Mining Group Co. Ltd. - Zijin Gold International Co. Ltd., announced the press service of Verny Capital."Having promptly obtained all necessary regulatory approvals, we have completed the transaction and opened a new stage in the development of the enterprise and the entire industry. I am convinced that Zijin Mining Group's entry into the Kazakh market will bring new advanced technologies and standards for responsible subsoil use," Aidan Akanov, CEO of the Verny Capital group of companies, is quoted as saying in the statement.For his part, RCF partner Martin Valdes expressed confidence that "the presence of an international company like Zijin Mining Group will open up new opportunities for the further technological and sustainable development of Kazakhstan's mining industry" and strengthen the country's position "as an attractive destination for responsible investment in mineral extraction."The advisors to Verny Capital and RCF in the transaction were the international investment banks J.P. Morgan Securities plc and BMO Capital Markets, as well as the law firm Herbert Smith Freehills.Zijin Mining Group, with a market capitalization exceeding $100 billion, ranks third among mining companies worldwide.As reported at the end of June, China's largest gold producer, ZiJin Mining, signed an agreement to purchase for $1.2 billion.the Kazakh gold mining company RG Gold, which is developing the Raygorodok deposit in the Akmola region.The transaction was reviewed and unanimously approved at the 12th extraordinary meeting of the board of directors of the eighth convocation of the company in 2025. The company noted that the transaction does not constitute a major asset restructuring.RG Gold is a gold mining company developing the Raygorodok deposit in the Akmola region. 65% of the company's shares belong to the Verny Capital group of companies, and 35% to Resource Capital Funds.According to the international JORC classification, gold reserves at the Raygorodok deposit amount to 100 tonnes, making it one of the largest single gold deposits in the country. The geological allotment area consists of two quarries: Northern and Southern Raygorodok. Future development is planned for the Novodneprovskoye, Sharyk, and Central Raygorodok sites. (ICE ALMATY)

Fonte notizia: INTERFAX