en.Wedoany.com Reported - Western Region Gold Co., Ltd. announced on the evening of July 12 that its controlling shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. (hereinafter referred to as "Xinjiang Nonferrous Metals Group"), plans to implement a full merger with Xinjiang Geological & Mining Investment (Group) Co., Ltd. (hereinafter referred to as "Xinjiang Geological & Mining Investment Group"). This integration will not have a significant impact on the production and operation activities of Western Region Gold, and the company's actual controller will remain the State-owned Assets Supervision and Administration Commission of the Xinjiang Uygur Autonomous Region.
Both parties to the merger are core state-owned mining platforms based in Xinjiang, each possessing core advantages in mineral resource exploration, nonferrous metal mining, and deep processing of minerals. Xinjiang Nonferrous Metals Group has been deeply involved in the nonferrous metals industry for many years. Leveraging its three domestic and overseas listed entities, it has laid out a full industry chain covering the mining, beneficiation, and smelting of gold and rare metals. Xinjiang Geological & Mining Investment Group holds a large amount of basic geological survey resources in the region and serves as the core carrier for mineral resource exploration and mining rights reserves in Xinjiang. Both entities are under the management system of the Autonomous Region's State-owned Assets Supervision and Administration Commission, and this merger constitutes an internal resource optimization and reorganization within the system, with a relatively solid foundation for integration.
The announcement also noted that the overall merger plan is still subject to approval from higher-level authorities, and the project's progress remains uncertain. Western Region Gold will disclose the progress of the matter in a timely manner in accordance with relevant regulations and advises investors to view the capital integration news rationally and be cautious of investment risks.
Western Region Gold's main businesses include gold mining, beneficiation, and smelting, manganese ore mining, and the production, processing, and sales of electrolytic manganese. In the first quarter of 2026, the company achieved total operating revenue of 8.083 billion yuan, a year-on-year increase of 316.28%; net profit attributable to the parent company was 522 million yuan, a year-on-year increase of 2102.76%.
