en.Wedoany.com Reported - Zhongjin (Hetian) Mineral Development Co., Ltd., a subsidiary of China National Gold Group Co., Ltd., won the exploration rights for Zone 1 and Zone 2 of the Tugeman Su Gold-Copper Mine in Akto County, Xinjiang, with a bid of 2.507 billion yuan, representing a premium of over 275 times the starting price of 9.0701 million yuan.

The listing and transfer of these exploration rights were organized by the Xinjiang Public Resources Trading Center. On April 30, the official announcement was released, with a starting bid of 9.0701 million yuan, a total exploration area of 151.17 square kilometers, and a transfer period of 5 years. Formal listing and bidding began on June 5, with multiple listed mining companies and central state-owned enterprises participating simultaneously. On June 22, the bidding entered an extended bidding phase, with prices rapidly escalating from the tens of millions. Market players such as Sichuan Gold entered the competition, with an internal evaluation ceiling of approximately 800 million yuan, ultimately falling far short of the winning bid. The bidding concluded on June 29, with China Gold securing the exploration rights for 2.506570074 billion yuan. The results were announced on June 30, setting a new record for exploration rights transfer amounts in the West Kunlun region of Xinjiang in recent years.

The Tugeman Su Gold-Copper Mine in Akto County, Xinjiang, is located in Akto County, Kizilsu Kirghiz Autonomous Prefecture, on the northeastern margin of the West Kunlun Mountains and the southwestern margin of the Tarim Basin. It lies within the core area of the Tamu-Kalangu gold-copper polymetallic metallogenic belt. This structural belt is a convergence zone of the Paleo-Asian and Tethyan tectonic domains, characterized by well-developed faults and magmatic activity, making it a key exploration target for strategic minerals such as gold, copper, and molybdenum in the West Kunlun region of Xinjiang. Several established deposits, including the Muji Gold Mine and the Karama Copper-Gold Mine, are located nearby. The transfer covers the overall exploration rights for the Tugeman Su Gold-Copper Mine (Zone 1 + Zone 2), with Zone 1 covering 100.42 square kilometers, Zone 2 covering 50.75 square kilometers, a total exploration area of 151.17 square kilometers, and a transfer period of 5 years. The deposit was discovered by the Geophysical and Geochemical Exploration Center of the Xinjiang Uygur Autonomous Region Geological Bureau through comprehensive exploration using geological mapping, geophysical and geochemical surveys, and drilling engineering from 2023 to 2024, as part of the autonomous region's fiscal exploration project "General Survey of Gold-Copper Deposits in the Tugeman Su Area, Akto County, Xinjiang." In terms of mineralization scale, five large-scale mineralized zones and 44 gold-copper ore bodies have been delineated in the area, with the main mineralized zone II extending 3,200 meters in length and 80 to 200 meters in width. The mineral composition mainly includes pyrite, chalcopyrite, tetrahedrite, and native gold, with local occurrences of molybdenite.

China National Gold Group Co., Ltd., abbreviated as China Gold, was established in 2003, formerly known as the National Gold Administration and China Gold Corporation. It is the only central state-owned enterprise in China's gold industry. Its business scope includes geological exploration, mining, mineral processing and smelting, product refining, processing and sales, and scientific research and development. Zhongjin (Hetian) Mineral Development Co., Ltd., which won the exploration rights for this mine, was established on May 22, 2026. It is a state-controlled enterprise jointly held by China Gold Group Geological Co., Ltd., Zhongjin Gold Co., Ltd., and Beijing Jinzhou Zhiyuan Mining Technology Development Center (Limited Partnership), with a registered capital of 200 million yuan. Its business scope covers mineral resource exploration, mineral processing, non-coal mine mineral resource extraction, metal ore sales, geological exploration technical services, and environmental consulting.