Zijin Gold invests $600 million in Raigorodok mine after RG Gold acquisition
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Zijin Gold International plans to invest $600 million in the Raigorodok mine in Akmola Region. The investment follows the company's acquisition of RG Gold from Bulat Utemuratov's holding in October 2025. This development occurs amid heightened interest in Kazakhstan's mining sector.
Zijin Gold's Investment Plan
Zijin Gold International, a Chinese company, has allocated $600 million for the development of the Raigorodok mine. The funds were raised through an initial public offering (IPO). The Raigorodok mine is located in Kazakhstan's Akmola Region, a significant area for gold mining activities.
Acquisition of RG Gold
In October 2025, Zijin Gold International acquired RG Gold from Bulat Utemuratov's holding. RG Gold is responsible for the development of the Raigorodok mine. This acquisition marks a strategic expansion for Zijin Gold in Kazakhstan's mining sector, consolidating its presence in the region.
Zijin Mine Illegal Gold Loss
Zijin Mining's Colombian gold mine faces illegal mining by drug cartels, resulting in the loss of over 3.2 tons of gold worth $200 million, representing 38% of production. The company is responding with a $430 million investment to combat security risks.
What's Next
Zijin Gold is expected to outline further development plans for the Raigorodok mine. It remains unclear how this investment will impact local employment and the regional economy.
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Zijin Gold invests $600 million in Raigorodok mine after RG Gold acquisition
