Zijin Mining Group and Ajilan Mining intend to establish a joint venture in Saudi Arabia, and the case has entered the public notification period.

On June 16, the Shanghai Municipal Market Supervision Administration announced the establishment of a joint venture by Zijin Mining Group Co., Ltd. and Agilant Brothers Mining Company on its website, with the public announcement period from June 16, 2025, to June 25, 2025. The simplified case announcement form for operator concentration shows that Zijin Mining signed a joint venture agreement with Agilant Mining through Gold Merit International Investment Company Limited, intending to establish a joint venture in Saudi Arabia. The main Business of the joint venture will involve the exploration of potential mineral reserves (including zinc, Copper, and gold) related to the Jabal Sayid mineralized zone in Saudi Arabia, as well as potential mining operations, management, development, and the production and sale of minerals. After the Trade, Zijin Mining will hold a 51% stake in the joint venture, while Agilant Mining will hold a 49% stake, with the joint venture jointly controlled by Zijin Mining and Agilant Mining.