The World Gold Council welcomes Zhaojin Group as a member

The World Gold Council, the market development organisation for the gold industry, announces Shandong Zhaojin Group Co., Ltd (Zhaojin Group) has joined its Board of Members. 

Zhaojin Group is located in Zhaoyuan City, Shandong Province, which is famous for its rich gold. The company was founded in 1974 and since then, has formed a complete gold industrial chain covering gold exploration, mining, ore dressing, smelting, refining, gold and silver products processing and marketing. 

Randy Smallwood, Chair of the World Gold Council, commented: “I am honoured to welcome Zhaojin Group to the World Gold Council. China is the world’s leading gold market as both the largest consumer and producer of gold. As such, we are pleased to see the World Gold Council expand to now include four Chinese member companies. It is important that we continue to grow our China Chapter, working with key players in the industry such as Zhaojin Group.”

Lu Jin, Chair of the World Gold Council’s China Chapter, commented: I am delighted to welcome Zhaojin group to our membership in China. Their long history and experience across the entire gold industry will make them a valuable addition to the World Gold Council membership and I look forward to working with them.

Mr. Weng Zhanbin, Chairman of Zhaojin Group, commented: “We are excited to be part of the work that the World Gold Council is leading in China as our market continues to grow. I am looking forward to working with like-minded companies here in China, and the entire World Gold Council membership.”
 

You can follow the World Gold Council on Twitter at @goldcouncil and Like on Facebook.

ENDS

For further information please contact:

Stephanie Cadman
World Gold Council
T +44 20 7826 4740
E [email protected]

Chao Li
Zhaojin Group
T:  +86 535 822 7500    
E:  [email protected]
 

About the 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. 

Based in the UK, with operations in India, China, Singapore and the USA, the World Gold Council is an association whose members comprise the world’s leading and most forward thinking gold mining companies.
 

About Zhaojin Group

Shandong Zhaojin Group Co., Ltd. (hereinafter referred to as Zhaojin Group) is located in Zhaoyuan City, Shandong Province, which is famous for its rich gold. It is a large-scale integrated investment group in precious metal industry, with mining chain and deep processing industry chain as its core and coordinated development of financial industry, environmental protection industry and education industry.

The company was founded in 1974. It has already formed a complete gold industrial chain covering gold exploration, mining, ore dressing, smelting, refining, gold and silver products processing and marketing. It is the underground mining manufacturer with the lowest production costs as well as the largest gold smelter in China. In 2011, it was listed as one of the first national demonstration bases for comprehensive utilization of gold resources by the Ministry of Land and Resources and the Ministry of Finance of the PRC. Zhaojin Mining Industry Corp.,Ltd., a subsidiary of Zhaojin Group, was successfully listed on the HKEx on Dec 8th, 2006, raising more than 2.5 billion of Hong Kong dollars. In 2018, Zhaojin realized sales income of RMB 65.7 billion, which has realized safety production, environmental protection production and green production.