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Zijin Mining expects to produce about 37 tonnes of gold in 2018

Zijin Mining Group Co. Ltd. will produce about 37 tonnes of gold in 2018, at par or slightly lower than in 2017, Reuters reported Oct. 18, citing company Chairman Chen Jinghe.

When questioned about setting up a joint venture with Acacia Mining PLC, the chairman said Zijin is "paying attention" to Tanzania but "not yet negotiating."

Chen added that the company, after agreeing to acquire Nevsun Resources Ltd. for C$1.86 billion in September, has already started preliminary discussions with joint venture partner Freeport-McMoRan Inc. on developing the Timok copper project in Serbia.