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Gold miner Zhaojin International, PCF Capital form JV in Western Australia

China's Zhaojin International Mining Co. Ltd. and Perth, Australia-based PCF Capital Group Pty. Ltd. agreed to form a joint venture to identify mining investment opportunities in Western Australia.

Zhaojin will use the Golden Gateway venture to invest in the state's gold mining sector, with PCF providing advice on potential transactions, according to an Aug. 12 release by the state government.

Golden Gateway aims to attract more Chinese investments in Western Australia's resources industry, which also includes iron ore, liquefied natural gas, lithium and manganese.