Graceland Juniors Alert
China's largest gold miner Zijin Mining is planning to spend $1.3bn on buying further assets in Africa this year, to meet its production targets.
Zijin Mining CEO Wang Jianhua was quoted by Bloomberg as saying: "We are seeing some buying opportunities in Africa and are examining related infrastructure development and geopolitical risks there.
"What we are interested in buying are those on the world gold mining belt with big sizes."
The company is eyeing gold projects with more than 100t of metal reserves and copper projects containing more than one million tonnes of reserves.
St comments: Are any of YOUR mines on the Zijin buy list?