en.Wedoany.com Reported - Chinese mining company Zijin Mining Group Co., Ltd. (601899.SH/02899.HK) recently registered a wholly-owned subsidiary, "Tianshan Resources Co. Ltd.," at the Astana International Financial Centre (AIFC) in Kazakhstan, with a registered capital of 5 million tenge (approximately USD 10,000). The subsidiary is funded by Zijin Mining Group Northwest Geological and Mineral Exploration Co., Ltd. Tianshan Resources primarily engages in geological exploration, resource assessment, and mining engineering support, with operations covering China's northwestern Xinjiang region and multiple Central Asian countries. This move represents Zijin Mining's strategic initiative to further deepen its presence in the Central Asian precious metals sector and expand regional mining capacity, following its acquisition of the RG Gold mine in 2025.
Founded in 2000 and headquartered in Shanghang County, Fujian Province, Zijin Mining Group Co., Ltd. is a large-scale mining conglomerate primarily engaged in the exploration and development of metal mineral resources such as gold, copper, zinc, and lithium, with a rich portfolio of mineral resource assets worldwide. Zijin Mining Group Northwest Geological and Mineral Exploration Co., Ltd. was established in October 2024 with a registered capital of RMB 100 million, focusing on mineral resource exploration, construction engineering survey, and surveying services.
On October 10, 2025, Zijin Mining completed the acquisition of 100% equity in RG Gold LLP (RG Gold Mine) in Kazakhstan through its controlled subsidiary, Zijin Gold International Co., Ltd. Located in the Akmola Region of northern Kazakhstan, the mine includes two open-pit pits, north and south, spaced 2 kilometers apart. As of June 30, 2025, it held resources of 208 million tons of ore at the measured and indicated plus inferred level, with an average gold grade of 1.0 grams per ton and gold metal content of 197.4 tons. According to company disclosures, RG Gold produced an average of approximately 6 tons of gold annually from 2023 to 2024. Following the acquisition, the number of producing gold mines under Zijin Gold International increased to nine. In fiscal year 2025, RG Gold's revenue from gold-containing products reached 390 billion tenge, a year-on-year increase of 75%; net profit reached 158 billion tenge, nearly doubling year-on-year.
After completing the RG Gold acquisition, Zijin Mining simultaneously announced plans to invest USD 600 million in the further development of the Raygorodok gold mine. According to public reports, the acquisition transaction amount was USD 1.2 billion. Zijin Mining has set a target of producing 100 to 110 tons of mineral gold by 2028.
The registration of Tianshan Resources Company marks the establishment of a regional exploration hub for Zijin Mining in Central Asia, enabling the coordination of regional mine exploration and project operations. Leveraging the cash flow from the acquired mature producing RG Gold mine, combined with the new production capacity of the Raygorodok gold mine, Zijin Mining is forming an integrated "exploration-mining-operation" layout. The Astana International Financial Centre operates under an independent legal framework, adopting the English common law system and an independent international arbitration mechanism. As of June 2026, the AIFC has attracted over 5,700 enterprises from 90 countries worldwide. This strategic move helps Zijin Mining reduce cross-border operational and investment financing compliance costs, while continuously increasing the revenue share of its Central Asian precious metals business.
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