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China's leading gold producer Shandong installs 5G network underground at its Laixi operations In its 2019 full year results released yesterday Shandong Gold Mining Co Ltd which has a Hong Kong listing gave some insight into the technology moves being made by the big Chinese mining companies the underground trackless mining

China's largest gold miner Zijin Mining invested $70 million in Canada gold mining firm Pretium for a 10 percent stake Vancouver-based Pretium Resources is developing a high grade gold find in northern British Columbia Zijin is a large-scale mining group headquartered in China

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In the past 10 years the output of China's gold rose by 70% The gold output of China broke the record and reached a peak of 276 ton in 2007 which made China the biggest country of gold origin and ended up the time of more than one centry when South Africa acted as a leader in gold mining industry(in 2007 the output of South Africa was 272 ton)

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In May 2018 Xinhai Mining acquired Shandong Jiangxin Design and Research Institute Co Ltd integrated Jiangxin Design and Research Institute Co Ltd with Xinhai Mining Research Design Co Ltd In April 2018 Xinhai Mining signed the mining development strategic partnership agreement with CNMC Goldmine Holdings Limited (SGX: 5TP)


YANTAI China May 4 2018 /PRNewswire/ — Recently CNMC Goldmine Holdings Limited (SGX:5TP) forged a strategic partnership with Shandong Xinhai Mining Technology and Equipment Inc (NEEQ: 836079) in the hope of taking the development of mining industry to a new level through their cooperation

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