The World Gold Council, the market development organisation for the gold industry, today announced that Shandong Gold Group has now joined the Board as a Member. Shandong Gold Group is one of the largest gold producers in China and is actively committed to ecological mining. It is also listed on the Shanghai Stock Exchange.
In addition, due to the growing importance of China within the global gold industry, a new China Chapter has been established. The new Chapter will enable the Chinese Member companies of the World Gold Council to engage more effectively with the rest of the Board, thereby involving them more fully in the activities of the World Gold Council. The new China Chapter will be chaired by Mr Song Xin, Chairman of China Gold Group.
David Harquail, Chair of the World Gold Council, said, “The Chinese gold industry has developed phenomenally over the past couple of decades, and China is now the largest producer and consumer of gold globally. As such, we are delighted that the World Gold Council’s membership is expanding, to better reflect the shape of the global gold mining industry. Shandong Gold Group is a leading gold mining company and we are delighted that they have joined the Board.”
Mr Song Xin, Chairman of China Gold Group, said, “I have enjoyed a great relationship with the World Gold Council over the years. The World Gold Council works hard to advance the global gold market and increase demand, and it also provides an outstanding platform for the gold mining industry to work together. The China Chapter will enable greater interaction between the Chinese gold industry and the international gold market, further enhance the Chinese gold industry’s international influence, and promote its continued rapid evolution. It is a great honour to have been appointed the first Chair of the China Chapter.”
Mr. Chen Yumin, Chairman of Shandong Gold Group commented: “The World Gold Council focuses on the realisation of far-reaching structural reform with a long-lasting impact on the gold industry, and actively contributes to a sustainable gold mining industry. It enjoys an authoritative position in the global gold market and plays a major role in the development of the gold industry.
“Among the members of the World Gold Council are gold mining companies with forward-looking insights worldwide. As one of the most important gold mining companies, Shandong Gold not only concentrates on the domestic market but also pays attention to the international market where we have obtained a few projects. Through joining the World Gold Council, we are now part of an international platform that will enable us to to play a more active and important role and better integrate ourself into the global gold market while continuously enhancing our relationships with global leading gold companies to promote the stable and long-term development of the gold industry in China and worldwide.”
For further information please contact:
World Gold Council
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Note to editors:
World Gold Council
The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership and be the global authority on the gold market.
We develop gold-backed solutions, services and products, based on authoritative market insight and we work with a range of partners to put our ideas into action. As a result, we create structural shifts in demand for gold across key market sectors. We provide insights into the international gold markets, helping people to understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.
The membership of the World Gold Council includes the world’s leading and most forward thinking gold mining companies.
Shandong Gold Group
Shandong Gold Group was established in 1996 and converted in 2015 into a state-owned capital investment company directly under Provincial Government. As a large state-owned enterprise, the Group takes the lead in China’s gold industry in terms of gold output, resource reserve, economic benefits, scientific and technological level and talent advantages.
Shandong Gold Group has been insisting on world foresight, international standards and scientific development and focusing on major businesses of mining industry (gold, non-ferrous metals), real estate, and finance etc. to build the group advantage and continuously improve the strategic development ability.
In the future development, Shandong Gold Group will cooperate with the partners at home and abroad sincerely, and endeavor to realize the strategic objective of “taking the lead in China’s gold production enterprises and ranked top ten in terms of the overall strength in global gold mining industry”.