Zijin Mining and Ajlan & Bros Enter Public Announcement Period for New Saudi Arabia Joint Venture

Published: Jun 18, 2025 15:12

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On June 16, the case of Zijin Mining Group Co., Ltd. and Ajlan & Bros Mining Company establishing a new joint venture entered the public announcement period, which will last from June 16, 2025, to June 25, 2025. According to the public announcement form for simplified cases of concentration of undertakings, Zijin Mining, through Gold Merit International Investment Company Limited, signed a Joint Venture Agreement with Ajlan & Bros Mining, proposing to establish a joint venture in Saudi Arabia. The main business of the joint venture will involve the exploration and potential mining of potential mineral reserves (including zinc, copper, and gold) associated with the Jabal Sayid mineralized zone in Saudi Arabia, as well as the operation, management, and development of mines, and the production and sale of minerals.

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