Zijin Mining Group, China's largest gold and copper producer, has announced a definitive agreement to acquire Kazakhstan's Raygorodok Gold Mine for $1.2 billion. The deal, signed on June 29, will see Zijin acquire 100% of RG Gold LLP and RG Processing LLP, Kazakhstan-based entities that own and operate the mine, through its subsidiaries, Zijin Gold International and Jinha Mining. The Raygorodok Gold Mine is an open-pit operation known for its considerable mine life, advanced infrastructure, and solid production fundamentals. Situated in the Burabay District of the Akmola region in northern Kazakhstan, it lies around ... (full story)