Zijin Mining completes its first gold mine acquisition in Kazakhstan, businessman makes a net profit of 780 million U.S. dollars.

Zijin Mining Group of China completes its first gold mine acquisition in Kazakhstan, with Kazakh businessman netting $780 million

Zijin Mining Group has completed its first gold mine acquisition in Kazakhstan, acquiring the Reglodok (RG) gold mine from businessman Baurat Utmuratov.

According to The Diplomat and Astaak, the transaction was completed on October 10, 2025, with Utmuratov netting approximately $780 million, including the assets of RG Gold LLP and RG Processing LLP.

Purchaser: Zijin Gold International, a subsidiary of Zijin Mining

Seller: Kazakh businessman and investor Baurat Utmuratov

Acquired Assets: The Reglodok (RG) gold mine located in the Akmola region of northern Kazakhstan, including mining and processing assets.

Transaction Value: According to Mining and the South China Morning Post, this transaction is expected to bring the businessman Baurat Utmuratov a net profit of about $780 million. The total purchase price announced in June 2025 was $1.2 billion.

Source: The Diplomat

Author: Paul Sobel

Original: www.toutiao.com/article/1846966286354634/

Statement: This article represents the views of the author.