Shandong Gold Mining

Summary
Shandong Gold Mining Co., Ltd. engages in the exploration, mining, processing, smelting, and selling of gold and silver ores in the People's Republic of China. The company operates through Gold Mining, Gold Refining, and Investment Management segments. It is involved in refining, processing, production, and sales of gold products; production and sales of specialized equipment for gold mines, and construction and decoration materials; investing in equity funds; trading of gold bullion; and provision of brokerage services for trading of futures contracts, as well as production of gold bullions, investment gold bars, and silver ingots. The company also engages in the asset and investment management activities. Shandong Gold Mining Co., Ltd. was incorporated in 2000 and is headquartered in Jinan, the People's Republic of China.

History

Shandong Gold Group is a state-owned Chinese gold mining company under the provincial government of Shandong. The company is the second-largest producer of gold in China by output and its publicly-listed subsidiary ranked #1,898 in the Forbes Global 2000.

Shandong Gold Group is the parent company of Shandong Gold Mining, which is listed on the Shanghai Stock Exchange. Following a pact announced in September 2018 with Barrick Gold, the world's largest gold miner by output, both companies agreed to strengthen ties with each other by cross-investing up to $300 million in each other's shares, with Barrick Gold buy shares in Shandong Gold via the Shanghai Stock Exchange. The cross-investment agreement followed the purchase of a 50% interest by Shandong Gold in Barrick Gold's Veladero mine in Argentina in April 2017.

As a Shandong provincial state-owned enterprise, the company is directly supervised by the Stated-owned Assets Supervision and Administration Commission of the Shandong Provincial Government.[citation needed]


Mission
To gain and maintain a leadership position in the industries we operate in by maintaining customer satisfaction

Vision
To gain and maintain a leadership position in the industries we operate in by maintaining customer satisfaction

Key Team

Mr. Weimin Huang (CFO, Head of Accounting Department & GM of Fin.)

Mr. Zeng Chun Song (Deputy Gen. Mang.)

Mr. De Yu Wang (Deputy Gen. Mang.)

Mr. Haitao Lyu (Deputy Gen. Mang.)

Ms. Sau Mei Ng ACIS, ACS, FCIS, FCS (Joint Company Sec.)

Mr. Mark Wall M.B.A. (CEO of Streamers Gold Mining Corp. Limited)

Ms. Yanfen Liu (Deputy GM of the Legal Affairs Department & Employee Representative Supervisor)


Recognition and Awards
FSG Bullion Supply Chain Summit’s 2011 Best Gold ERP Software award; 2015 China Gold Industry’s Best Title Award; The 2015 Annual Brand Award for Chinese Gold Companies

References
Shandong Gold Mining
Leadership team

Mr. Tang Qi (Join Company Sec. & Exec. Director)

Mr. Qin Liu (Gen. Mang. & Exec. Director)

Mr. Shu Hai Wang (Exec. Director)

Products/ Services
Construction, Industrial, Mineral, Mining, Precious Metals
Number of Employees
1,000 - 20,000
Headquarters
Jinan, Shandong, China
Established
2000
Net Income
100M - 500M
Revenue
Above - 1B
Mon Feb 26 2024
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