Shandong Gold Press Conference for Public Offering Globally Held in Hang Kong
On September 13, the Shandong Gold Press Conference for Public Offering Globally was held in Hong Kong. Li Guohong, General Manager of Shandong Gold Group and chairman of Shandong Gold Mining Co., Ltd. attended the conference.
At the conference, Li Guohong introduced development strategy, competitive advantage, and international mergers and acquisitions of Shandong Gold Group. In 2017, Shandong Gold Group became the largest gold producer in China. Among gold mining companies that ranked into “Top 2000Global Enterprises 2018” on Forbes, Shandong Gold Mining Co., Ltd. ranked the 6th, as it produced 35.88 tons of mineral gold, accounting for 8.4% of the total in China. Over the years, Shandong Gold Mining has carried out in-depth cooperation with world-class mining companies and financial institutions such as Barrick Gold Corporation, the world's largest gold company. In 2017, the companybought a 50% interest in Argentina's largest gold mine and the second largest gold mine in South America, the VeladeroGold Mine, respectively. As of March 31, 2018, the VeladeroGold Mine has provided 84 tons of reserves and 137.8 tons of gold resources to Shandong Gold.
This public offering takes CCB International, China Security International and ICBC International as the co-sponsor, and CCB International, China Security International, ICBC International, and Morgan Stanley as joint global coordinators. It will have an important and far-reaching impact on helping realizing Shandong Gold'sstrategic objective of “Strive to Be a World-leading Gold Enterprise and Rank into the Top 10 Gold Miner Worldwide”, as well as promoting international development and overseas acquisitions,and improving core competitiveness and driving forces.