Gong Zheng, the deputy secretary of the provincial Party committee and the governor of Shandong Province, met with John Thornton, the chairman of the board of Barrick Gold Corporation, and attended the signing ceremony for the Strategic Cooperation Promot
On the morning of July 9, Gong Zheng, the deputy secretary of the provincial Party committee and the governor and of Shandong Province, met with John Thornton, the chairman of the board of Barrick Gold Corporation, and his senior executives, at Shandong Hotel in Jinan, and then attended the signing ceremony for the Strategic Cooperation Promotion Agreement between Shandong Gold Group and Barrick Gold Corporation, in the company of Shen Changyou, secretary general of the People’s Government of Shandong Province, Xue Qingguo, the secretary of the Party group and the director of the Overseas Chinese Affairs Office of Shandong Provincial People’s Government and president of Shandong People’s Association for Friendship with Foreign Countries, Zhang Bin, the secretary of the Party committee and director of Shandong Provincial State-owned Assets Supervision and Administration Commission, Gong Zhiyuan, the second-level inspector of the General Office of the provincial government, Zhang Xingcheng, the second-level inspector of the Department of Commerce of Shandong Province, Chen Yumin, the chairman of the board and secretary of the Party committee of Shandong Gold Group, Li Guohong, the general manager, and other members of Shandong Gold Group.
On behalf of People’s Government of Shandong Province, Gong Zheng extended a warm welcome to the group of senior executives of Barrick Gold Corporation, briefly introduced the economic and social development of Shandong Province, and exchanged ideas with John Thornton in respect of promoting communication and cooperation as well as acceleration in replacing old growth drivers with new ones. He hopes that Barrick Gold Corporation and Shandong Gold Group will continue to deepen existing cooperative projects and strengthen cooperation in the fields of technology, talents and investment to achieve mutual benefits and win-win results.
After the talks, Shandong Gold Group and Barrick Gold Corporation held the signing ceremony for the Strategic Cooperation Promotion Agreement, which has been signed by Li Guohong and Kevin Thomson, the senior vice president of Barrick Gold Corporation.
This Agreement has further enhanced and detailed related cooperative contents on the basis of the Strategic Cooperation Agreement signed by and between Shandong Gold Group and Barrick Gold Corporation in April, 2017. The contents of the Agreement mainly include: exploring further research on and evaluation of Rama project of Barrick Gold Corporation; sharing experience and practices with each other in respect of mining technology, information technology, information management and digital innovation, and assisting Shandong Gold Group in building the world-class demonstration mine; strengthening and perfecting communication mechanism, enabling both parties’ management and technical teams to share more resources such as knowledge; and actively creating more merger and acquisition opportunities, and prioritizing cooperation with each other when acquiring or selling respective potential assets.
John Thornton stated that Barrick Gold Corporation has been laying foundation for unique, permanent and mutual-trust relationship with Shandong Gold Group. Through many field visits that has taken nearly one thousand hours, Barrick Gold Corporation and Shandong Gold Group fight side by side, deepen understanding of each other’s values, strategic priorities and operation capabilities, and explore opportunities together to increase long-term value for both parties’ shareholders, governments, and partners in all sectors of society. The signing of Strategic Cooperation Promotion Agreement will promote the strategic cooperative partnership between two parties to a higher level.
Chen Yumin stated that Shandong Gold Group and Barrick Gold Corporation have made achievements in joint development and operation of the Belladro Gold Mine Project in Argentina based on common cultural and development concepts. Meanwhile, both parties maintain frequent visits and exchanges about mining technology, corporate culture, community harmony, sustainable development, and environmental protection, etc., and promote integration of both parties’ culture and management progress. By signing the Strategic Cooperation Promotion Agreement, it’s believed that the strategic cooperation between both parties will enter a new stage.
Leaders of relevant departments of the provincial government, senior management and related management personnel of Shandong Gold Group and Barrick Gold Corporation have also attended the event.