The World Gold Council, the market development organisation for the gold industry, reports that Shandong Gold Group has now joined the Board as a Member. Shandong Gold Group is one of the largest gold producers in China and is actively committed to ecological mining. It is also listed on the Shanghai Stock Exchange.
In addition, due to the growing importance of China within the global gold industry, a new China Chapter has been established. The new Chapter will enable the Chinese Member companies of the World Gold Council to engage more effectively with the rest of the Board, thereby involving them more fully in the activities of the World Gold Council. The new China Chapter will be chaired by Song Xin, Chairman of China Gold Group.
David Harquail, Chair of the World Gold Council, said, “The Chinese gold industry has developed phenomenally over the past couple of decades, and China is now the largest producer and consumer of gold globally. As such, we are delighted that the World Gold Council’s membership is expanding, to better reflect the shape of the global gold mining industry. Shandong Gold Group is a leading gold mining company and we are delighted that they have joined the Board.”
Song said, “I have enjoyed a great relationship with the World Gold Council over the years. The World Gold Council works hard to advance the global gold market and increase demand, and it also provides an outstanding platform for the gold mining industry to work together. The China Chapter will enable greater interaction between the Chinese gold industry and the international gold market, further enhance the Chinese gold industry’s international influence, and promote its continued rapid evolution. It is a great honour to have been appointed the first Chair of the China Chapter.”
Chen Yumin, Chairman of Shandong Gold Group commented: “The World Gold Council focuses on the realisation of far-reaching structural reform with a long-lasting impact on the gold industry, and actively contributes to a sustainable gold mining industry. It enjoys an authoritative position in the global gold market and plays a major role in the development of the gold industry.
“Among the members of the World Gold Council are gold mining companies with forward-looking insights worldwide. As one of the most important gold mining companies, Shandong Gold not only concentrates on the domestic market but also pays attention to the international market where we have obtained a few projects. Through joining the World Gold Council, we are now part of an international platform that will enable us to to play a more active and important role and better integrate ourself into the global gold market while continuously enhancing our relationships with global leading gold companies to promote the stable and long-term development of the gold industry in China and worldwide.”
