There is a win-win cooperation between Barrick Gold Corporation and Shandong Gold Group Corporation
Barrick Gold Corporation— the world’s largest gold producer
Founded by Peter Munk in 1983, Barrick Gold Corporation is the largest gold producer in the world, with its headquarters in Toronto, Ontario, Canada. Furthermore, it has remained as the frst among the global top ten gold producers in the recent 10 years.
The affiliated enterprises of Barrick Gold Corporation are all over four continents involving many countries such as Canada, the United States, Peru, Chile, Argentina, Tanzania, Australia, of which the gold output in North America accounts for 61% of the total output of the corporation. Barrick Gold Corporation’s available gold reserves in the world are more than 2700 tons, holding a leading position in the world in terms of gold mines, mining, dressing, and smelting technology. The corporation has been listed on stock exchanges of Toronto, New York, London, Paris and Switzerland.
Shandong Gold Group — to be a world-class corporation and the Top 10 enterprise
As a large-scale state-owned backbone enterprise, Shandong Gold Group Co., Ltd. (hereinafter referred to as the Group) is in the forefront of China's gold industry in terms of gold output, resource reserve, economic beneft, scientifc and technological level and talent advantage. The stock of the Group has ever leaped to the frst price of Shanghai and Shenzhen stock markets, with the market values of the stock even reaching up to RMB 85 billion in 2016 ranking the frst among the market values of nonferrous metal stocks in China.
With the aim of striving to be a world-class mining enterprise and bravely fighting for the world's top ten mining enterprises, the Group commits itself to forging the brand of ecological mining, focusing on major industries including mining industry, real estate, and finance, and has built a world-class gold production and resource reserve base in the northwest Jiaodong Peninsula in Shandong Province, established multiple reserve resources development bases in China, and set up the overseas business platform in foreign countries such as Australia and Canada. Furthermore, it has realized sustainable and steady development by ranking amongst the “Shanghai Gold” pricing enterprises, establishing the frst think tank in the industry, implementing the material assets reorganization, launching the frst “Debt-to-Equity Swap” project with the Head Office of ICBC, and carrying out the transnational strategic cooperation with global frst-class mining enterprises and fnancing institutions.
