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Zijin Mining Group Increases Stake in Xanadu Mines
Completion of Placement to Zijin Mining
Fujian Longking (600388.SH): Zijin Mining Group has cumulatively increased its shareholding by 1.2471% in the company.
On January 8, Gelonghui reported that Fujian Longking (600388.SH) announced that Zijin Mining Group, through a centralized bidding method, will increase its shareholding in the company by a total of 15,838,788 shares from November 26, 2024, to January 8, 2025, accounting for 1.2471% of the company's total share capital. The funds for this shareholding increase are from its own resources. After this increase, Zijin Mining Group will hold 262,735,676 shares of the company, accounting for 20.6871% of the total share capital; Zijin Mining Group and its wholly-owned subsidiaries Zijin Capital and Zijin Investment will together hold 312,482,629 shares of the company, due to public...
Gold: China's Central Bank Buys More Gold – ING
Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
Zijin Mining Group (02899.HK) plans to donate 30 million yuan in cash to the earthquake-stricken area.
On January 8, Gelonghui reported that Zijin Mining Group (02899.HK) announced that it held the 1st interim meeting of the 8th Board of Directors on January 8, 2025, through a communication voting process. The meeting unanimously reviewed and approved the proposal to donate 30 million yuan to the earthquake disaster area in Tibet's Shigatse. The relevant situation is announced as follows: On January 7, at 9 a.m. Beijing time, a magnitude 6.8 earthquake struck Dingri County in Shigatse, Tibet, causing significant casualties and widespread building collapses. The disaster area is located in a high-altitude, cold region, and it is winter, making immediate relief essential for the affected population. In support of the disaster-stricken region, the commitment to social responsibility is being actively fulfilled.
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