April 25, 2018 1:15 AM ET

Metals and Mining

Company Overview of Shandong Gold Group Co., Ltd.

Company Overview

Shandong Gold Group Co., Ltd., through its subsidiaries, mines gold, non-ferrous metals, and metals and other non-metals in China and internationally. The company engages in exploring, exploiting, selecting, smelting, processing, and marketing gold; and geological exploration, exploitation and smelting, processing, and selling of metal and non-metal mines. It also operates in real estate and tourism real estate businesses. In addition, the company engages in investment business, financing business, and fund management; and provides financial consulting and assets management solutions. Further, it provides import and export, and entrepot trade. The company has a strategic cooperation agreemen...

Shun Thai broad field, Building No. 3

No. 2000, Jinan Nan Shun Hua road

Jinan,  250101


Founded in 1996


86 531 67710085


86 531 67710038

Key Executives for Shandong Gold Group Co., Ltd.

General Manager
Director of Operations
Managing Director
Compensation as of Fiscal Year 2017.

Shandong Gold Group Co., Ltd. Key Developments

Shandong Gold Reportedly Considers Bids For Indonesian Gold And Silver Mine

Shandong Gold Group Co., Ltd. is among firms considering bids for Indonesian gold and silver mine of EMR Capital Pty Ltd, people with knowledge of the matter said.

Barrick Gold Corporation Announces Strategic Cooperation Agreement with Shandong Gold Group Co., Ltd

Barrick Gold Corporation announced that it has entered into a strategic cooperation agreement with Shandong Gold Group Co., Ltd. (‘Shandong’). As a first step in the new partnership, Shandong Gold Mining Co., Ltd. will acquire 50% of Barrick's Veladero mine in San Juan province, Argentina, for $960 million. As a second step, Barrick and Shandong will form a working group to explore the joint development of the Pascua-Lama deposit. As a third step, both companies will evaluate additional investment opportunities on the highly prospective El Indio Gold Belt on the border of Argentina and Chile, which hosts a cluster of world-class gold mines and projects including Veladero, Pascua-Lama, and Alturas. Upon completion of the transaction, the Veladero mine will be overseen by a Joint Venture Board consisting of three nominees appointed by each company. In order to ensure continuity of operations, both companies intend to maintain the mine's current management team following closing of the transaction. Proceeds from the transaction will be used to reduce debt and for investments in business to grow free cash flow per share. The transaction is expected to close at the end of the second quarter of 2017, and is subject to regulatory and other approvals, including Shandong Gold Mining Co., Ltd. shareholder approval, and other customary closing conditions.

Recent Private Companies Transactions

Private Placement
December 21, 2017

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