China National Gold Group Corporation is a leading gold mining company. It was established in 2002.
The company is headquartered in Beijing, China. China National Gold Group Corporation has a significant presence in the global gold market.
The company's main business activities include gold mining, smelting, and processing.
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Business Areas
China National Gold Group Corporation (CNGC) operates a diverse range of business areas beyond mining.
CNGC engages in retail gold jewelry, refining, and irradiation sterilization services for the food, medical, and cosmetics industries.
The company also conducts geological exploration, engineering construction, and publishes gold industry news as the official media for the Shanghai Gold Exchange and Shanghai Diamond Exchange.
China Gold is the only Chinese member of the World Gold Council, a prestigious international organization.
Here are some of the key business sectors of China Gold:
- Zhongjin Gold
- China Gold International
- Zhongjin Jewelry
- Zhongjin Construction
- Zhongjin Resources
- Zhongjin Irradiation
- Zhongjin Trade
These sectors are part of China Gold's 7 major business sectors, which also include its subsidiaries and franchised stores.
China Gold Co
China Gold Co is a subsidiary of China National Gold Group Corporation, with 7 major business sectors including Zhongjin Gold and Zhongjin Jewelry.
It has 57 subsidiaries located in 26 provinces and municipalities and overseas, with two of them being public listed companies.
China Gold Co has over 2,000 "China Gold" franchised stores nationwide.
It is a large-scale comprehensive mining corporation that integrates operations of geologic prospection, mining, mineral dressing and processing, product refining, marketing, scientific and technological research, engineering design and construction.
China Gold Co ranks No 1 in China's gold industry in 5 indices, including gold resource reserve, mineral gold output, refined gold output, gold investment products market share, and gold dressing and processing technology.
It was accredited as A level enterprise for two consecutive years with a comprehensive enterprise credit of AAA level in the annual stated-owned enterprise performance evaluation by SASAC in 2010 and 2011.
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Company Overview
China National Gold Group Corporation (CNGC) is a significant player in the global gold mining industry. Its primary domestic mining assets include the Chang Shan Hao (CSH) Gold Mine in Inner Mongolia, which achieved commercial production in July 2008.
The CNGC's domestic operations also include the Jiama Copper-Gold Mine in Tibet Autonomous Region, which produces a variety of metals including copper, gold, molybdenum, silver, lead, and zinc. Unfortunately, a landslide at the site in 2013 resulted in the loss of 83 workers.
In addition to its domestic mines, CNGC has also made significant investments in international operations. The Kulu-Tegerek Copper-Gold Mine in the Kyrgyz Republic is a notable example, producing approximately 11,000 tonnes of copper, 600 kg of gold, and 4.6 tonnes of silver annually.
CNGC's international operations also include the Soremi Copper Mine in the Republic of Congo, which entered production in 2017 and produces approximately 10,000 tonnes of copper cathode annually.
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Frequently Asked Questions
Who owns China Gold?
China Gold is primarily owned by China National Gold Group Co., Ltd, which holds 40% of the shares outstanding. The remaining shares are distributed among other shareholders, including the second and third largest holders with 3.3% and 2.4% stakes, respectively.
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