Zijin Mining invested $70 million in Canada gold mining firm

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. It is the largest gold producer, second largest copper producer, and a significant zinc, tungsten and iron ore producer in China. (Zijin trades on the Shanghai and Hong Kong stock exchanges and has a market capitalization of over $9 billion).

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