China National Gold Group Corporation (CNGC,Chinese:中国黄金集团有限公司), also known asChina Gold, is a centrally-administered state-owned enterprise primarily involved in the exploration, mining, processing, and refining of gold, copper, silver, and molybdenum. It was established in 1979 and operates under the supervision of theState-owned Assets Supervision and Administration Commission (SASAC).
Chang Shan Hao (CSH) Gold Mine – Located inInner Mongolia, this mine is one of China's largest open-pit gold operations, achieving commercial production in July 2008.[2]
Jiama Copper-Gold Mine – Situated inTibet Autonomous Region, Jiama is a significant polymetallic deposit, producing copper, gold, molybdenum, silver, lead, and zinc. Phase I production started in 2010, and Phase II began in July 2018.[3] In 2013, a landslide at the site killed 83 workers, prompting environmental and safety reviews.[4]
Jinfeng Gold Mine – Acquired fromEldorado Gold in 2016 for US$300 million, this mine located inGuizhou Province is one of China’s largest gold producers, combining underground and open-pit operations.[5][6]
CNGC actively pursues overseas resource acquisitions and joint ventures:
Kulu-Tegerek Copper-Gold Mine – A producing copper-gold mine located in theKyrgyz Republic’s Chatkal District. It is 84% owned by China National Gold Group Corporation and 16% byChina CAMC Engineering (Hong Kong), with the latter acting as EPC contractor. The mine includes both underground operations at the Kulu-Tegerek deposit and placer mining at the Suluu-Tegerek deposit. It was designed to process 1.8 million tonnes of ore annually, producing approximately 11,000 tonnes of copper, 600 kg of gold, and 4.6 tonnes of silver, with projected annual sales of US$100 million. Logistics and equipment delivery are coordinated by China Gold Trading (Shanghai).[7]
Soremi Copper Mine – In December 2013, CNGC acquired the copper mining subsidiary Soremi in theRepublic of Congo from the Gerald Group, forming a joint venture for project development.[8] The mine entered production in 2017 and produces approximately 10,000 tonnes of copper cathode annually.[9]
Kluchevskoye Gold Deposit – In 2018, China National Gold entered a joint venture with India's Sun Gold to develop the Kluchevskoye gold deposit in Russia's Siberia region. China National Gold acquired a 70% stake in the project, which received Russian parliamentary approval in July 2018. The joint venture was formally announced during the10th BRICS summit in Johannesburg, South Africa, highlighting the economic cooperation between member states. The project planned a pre-production investment of up to $500 million to develop an open-pit mine with an expected annual production capacity of 6.5 tonnes of gold.[10] As of 2025, mining has not commenced at the deposit.
In addition to mining, CNGC operates businesses in retail gold jewelry, refining, and irradiation sterilization services for food, medical, and cosmetics industries. It also engages in geological exploration, engineering construction, and publishes gold industry news as the official media for theShanghai Gold Exchange andShanghai Diamond Exchange.[13]
^Syrgak kyzy, Nuraiym and Robin Lee. "The Impact of Chinese Investments on the Gold Mining Sector in Kyrgyzstan," in Matthew S. Erie (ed.),A Casebook on Chinese Outbound Investment: Law, Policy, and Business, Cambridge University Press, 2025, pp. 212–232.
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