Shandong Gold Mining Co Limited’s wholly-owned subsidiary is acquiring a mining right in Sizhuang, Shandong Province, from Shandong Gold Group Co for consideration of almost 600 million Yuan.

It followed an announcement by Shandong Gold Mining that it planned to buy gold-related business assets from Shandong Gold Group, Shandong Gold Nonferrous Metal Mining and Shandong Gold Geology Mineral Exploration.