Zijin Mining Seeks Hong Kong IPO For Offshore Assets

Quick Summary:

The company hopes to take advantage of record gold prices to raise big money from a separate listing for its overseas business mining the precious metal

Key Takeaways: Zijin Mining has announced a plan to spin off its overseas gold assets, which account for nearly 70% of its total gold production

Revenue from the company's gold mining business represented around half of its total last year Stocks may be fine in normal times, but in turbulent times like now – plagued by geopolitical tensions, inflationary pressure and falling interest rates – gold is glowing more by the day as an investor safe haven.

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Article Details

Author / Journalist: Bamboo Works

Category: InvestingBusiness

Markets: United StatesAustraliaChinaColombiaHong KongSuriname

Topics: Opinion Contributors Equities Asia Benzinga IPOs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 13:42:48 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1032 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28712909

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