China’s Zhaojin Mining Eyes Overseas Gold Assets as M&A Heats Up

China’s Zhaojin Mining Industry Co. is looking to acquire more gold mines in Africa and other regions, Chief Investment Officer Xu Jianzhuo said in an interview.

The Shandong-based miner is targeting assets in West African countries with stable political regimes like Cote d’Ivoire, Ghana and Guinea, and from where European and US miners are exiting, Xu said. The firm is also looking at projects in Central Asia and the Asia Pacific, he added.