On April 6 morning, the signing ceremony of the strategic cooperation between Shandong Gold Group and Barrick as well as the joint-exploration of the Argentine Veladero mine between Shandong Gold Group and Barrick was held in Jinan, Shandong province.
Wang Shujian, Vice Governor of Shandong Province, meets representatives of both parties attending the signing ceremony. He says that the provincial government always attaches great importance to and gives strong support for the cooperation between Shandong Gold Group and Barrick. He hopes that the two parties could regard this cooperation as a new starting point and leverage their respective strengths and make pragmatic cooperation in a larger scope and in more areas in order to achieve win-win development and common development. He also hopes that Mr. Thornton will continue paying attention to Shandong province in the coming days and give valuable advice and suggestions to the economic construction of Shandong Province, helping to achieve better and faster development of Shandong economy.
Barrick's Executive Chairman John L. Thornton and Shandong Gold Group's Chairman Chen Yumin signed the strategic cooperation agreement on behalf of the two parties. Shandong Gold Group's General Manager, Chairman of Shandong Gold Mining Co., Ltd. (600547) Li Guohong and Barrick's Greater China president Li Yucan signed a joint-development agreement. Shandong Gold Group's Director Chen Daojiang hosted the signing ceremony.
Barrick's Executive Chairman Thornton says that Barrick's ambition is to make Barrick a leading company in the industry and in the area where the company expands. To achieve that goal, Barrick needs to create a distinctive, enduring, and trust-based relationship with China and China's best companies. The signing of agreements at this time is one unprecedented and critical step towards that goal. Shandong Gold Group is an ideal partner to help Barrick unlock the untapped mineral wealth of the EL Indio gold belt over the long-term and help generate more value from the Veladero mine at the same time.
Chairman Chen Yumin believes that even mountains and seas cannot distance people with common aspirations. The strategic alliance relationship between Shandong Gold Group and Barrick not only takes substantial steps in joint-exploitation of the Argentine Veladero mine, but also provides access to the world mining industry and international capital market for Shandong Gold Group, which will create more development opportunities and brighter development prospects for both parties. In the future cooperation, Shandong Gold Group will obey strictly the cooperation agreement and provide technologies, capitals and talents without reservation, fully speeding up the project construction and development process so as to create more and greater values. We look forward to cooperating with Barrick in more areas and at deeper and higher levels in the near future, and working together to jointly write a new chapter of cooperation and development.
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The signing ceremony of the strategic cooperation between Shandong Gold Group and Barrick as well as the joint-exploitation of the Argentine Veladero mine between Shandong Gold Group and Barrick received widespread attention at home and abroad. CCTV, Xinhua, People's Daily Online, Sina, Sohu, Phoenix, Takungpao, Wenweipo and other China domestic mainstream media reported in a timely manner on the signing ceremony.
