Golden Star Wassa Mine, now a subsidiary of Chifeng Gold, will host the newly appointed President of Chifeng Gold, Madam Lydia Yi fang Yang as she tours the company’s operations from 16th to 23rd of January. Accompanying Madam Yang on the trip are executives of Chifeng Gold, Shawn Zhang and Jesse Huang.
The visit will enable Madam Yang familiarize herself with Ghana in general and Golden Star Wassa operations in particular. To that end, she will tour the mine site where she will interact with management, employees and suppliers. In addition, she will meet some traditional leaders of Golden Star’s host communities and tour sustainability projects and partnerships.
Commenting ahead of the visit Madam Yang said ‘I am excited that I get to meet the team at Wassa and understand their issues and contributions. This will enable us collaborate effectively and achieve our objectives as an organization’
About Chifeng Gold
The Company (600988:SHSE), engages in gold and non-ferrous metal mining in China, Laos, and Ghana. The market cap of the Company is approximately US$5.15 billion.
Named after the city where the Company was founded, Chifeng Gold Group listed on Shanghai Stock Exchange since 2012. The Company is now headquartered in Beijing and setting up a logistics center in Shanghai, overseeing operations across Asia and Africa.
Chifeng is one of the largest gold companies and is the biggest ever non-state-owned gold mining company in China.
The Company has added Sepon copper-gold mine and Wassa gold mine to its global portfolio through acquisition in 2018 and 2022 respectively.
The Sepon gold-copper mine is one of the largest mines in Laos. In 2018, Chifeng acquired 100% stake in MMG Laos Holding Limited, which holds 90% of LXML for US$275m. 2020 gold production recorded at 65koz and copper output reached 40kt.
By 28th Jan 2022, Chifeng completed acquisition of 100% stake in Golden Star Resources, which owns 90% of Wassa gold mine (2020 production of 168koz) for US$470m.