By William Sandlund, Cheng Leng, and Leslie Hook
Financial Times, London
Monday, May 26, 2025
China's largest gold miner, Zijin, is expanding into "streaming" of precious metals in a bid to secure more bullion supply at a time of skyrocketing prices.
Streaming is a type of mine financing in which an investor makes a payment to a mine in return for a share of future production. The managing director of Zijin's investment subsidiary said its new streaming fund -- the first from a Chinese mining company -- is looking to do deals in Africa and South America, and wants to deploy between $200 million and $400 million this year.
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"We're trying to find quality resources that are undervalued," said Lisa Liu, managing director of Gold Mountains Asset Management, a Hong Kong-based subsidiary of Zijin. "We are really bullish on gold prices," she added. ...
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https://www.ft.com/content/274c6d86-c01c-43b8-9aa8-5d292af87916 [2]
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