Search

For more information about CHINA GOLD Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Established presence in Hong Kong, providing a local option for traders in Asia.
Offers a range of trading products including bullion bars, coins, and investment vehicles.
E-commerce facility facilitates easy access to services and products.

Cons

Limited regulatory oversight, raising concerns about safety and security for investors.
Customer service may experience longer wait times, impacting user experience.
Negative reviews indicate potential issues with fund withdrawals and trade recommendations.

CHINA GOLD Company

China Gold Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

China Gold International Resources Corp. Ltd. (CGG) was founded in 2007 as a subsidiary of China National Gold Group Corporation, which is the largest gold producer in China. The company was established to acquire, explore, develop, and operate gold and base metal mining projects, primarily in China.

Parent Company/Ownership Structure

China Gold International Resources operates as a publicly traded company on both the Toronto Stock Exchange (TSX) under the symbol "CGG" and the Hong Kong Stock Exchange (HKEX) under the symbol "2099." The parent company, China National Gold Group Corporation, holds a significant stake in CGG, providing it with the necessary support and resources to expand its operations.

Headquarters Location

The headquarters of China Gold International Resources is located in Vancouver, Canada. This strategic location allows the company to effectively manage its operations in both North America and Asia.

Global Business Scope

China Gold International Resources focuses primarily on gold and base metal mining. The company operates two major mines in China: the CSH gold mine in Inner Mongolia and the Jiama copper-polymetallic mine in Tibet. These operations contribute significantly to China's overall gold production and help meet the growing demand for precious metals globally.

Main Regulatory Bodies

The company is regulated by various authorities, including the Toronto Stock Exchange (TSX) and the Hong Kong Stock Exchange (HKEX). Additionally, it adheres to regulations set forth by the Canadian Securities Administrators (CSA) and the Hong Kong Securities and Futures Commission (SFC).

Back to top

2. Company History and Development

Key Milestones

  • 2007: Establishment of China Gold International Resources as a subsidiary of China National Gold Group Corporation.
  • 2009: The company went public, listing its shares on the Toronto Stock Exchange.
  • 2010: Acquisition of the CSH gold mine, marking a significant expansion in its mining operations.
  • 2015: The company acquired the Jiama copper-polymetallic mine, further diversifying its portfolio.
  • 2020: China Gold International Resources reported record production levels, solidifying its position in the mining industry.

Business Expansion Journey

China Gold International has consistently pursued growth through strategic acquisitions and investments in mining projects. The acquisition of the CSH gold mine and the Jiama mine has allowed the company to enhance its production capabilities and expand its resource base.

Customer Base Growth

The company's customer base has grown significantly as it has established itself as a reliable supplier of gold and base metals. Its operations cater to both domestic and international markets, including jewelry manufacturers and industrial users of gold.

Platform Development History

China Gold International has invested in modernizing its mining operations and enhancing its production techniques. This includes implementing advanced technologies for exploration, extraction, and processing of minerals, ensuring efficiency and sustainability.

Important Awards or Recognitions Received

The company has received various accolades for its commitment to sustainable mining practices and corporate social responsibility. These include recognition from environmental organizations and industry awards for safety and operational excellence.

Back to top

3. Trading Services Offered

Forex Trading Options

While China Gold International primarily focuses on mining, it is worth noting that its parent company, China National Gold Group Corporation, engages in trading activities that may include forex trading. However, specific details regarding the number of currency pairs offered are not publicly disclosed.

Stock Trading Options

As a publicly traded entity, China Gold International's shares are available for trading on major stock exchanges, allowing investors to participate in the company's growth and profitability.

CFD Trading Products

China Gold International does not directly offer Contracts for Difference (CFDs) as part of its services. Instead, its focus remains on mining operations and resource extraction.

Other Financial Instruments

The primary financial instruments associated with China Gold International include gold and base metals. The company is significantly involved in the production of gold dore bars and copper concentrates, catering to the global demand for these commodities.

Special Services or Unique Advantages

China Gold International benefits from its affiliation with China National Gold Group Corporation, providing it with a competitive edge in terms of resources, expertise, and market access. This relationship enhances its operational capabilities and positions it favorably within the mining industry.

Back to top

Detailed Regulatory Information

China Gold International Resources is regulated by:

  • Toronto Stock Exchange (TSX)
  • Hong Kong Stock Exchange (HKEX)
  • Canadian Securities Administrators (CSA)
  • Hong Kong Securities and Futures Commission (SFC)

The company operates as a public corporation in Canada and Hong Kong, with its primary operations based in China. Its legal structure allows it to comply with the regulatory requirements of both jurisdictions.

Client Fund Protection Measures

As a mining company, China Gold International primarily focuses on resource extraction rather than financial services. However, the company adheres to strict regulatory standards to ensure transparency and protect shareholder interests.

Countries/Regions Served

China Gold International primarily serves markets in China, but its products are also exported internationally, catering to global demand for gold and base metals.

Compliance History

The company maintains a strong compliance record, adhering to the regulations set forth by its governing bodies. This commitment to compliance enhances its reputation and fosters investor confidence.

Back to top

5. Competitive Landscape

3-5 Main Competitors

  • Barrick Gold Corporation: A leading global gold mining company based in Canada.
  • Newmont Corporation: Another major player in the gold mining industry, headquartered in the United States.
  • AngloGold Ashanti: A global gold mining company with operations in several countries.
  • China National Gold Group Corporation: As the parent company, it also operates in the same sector, creating internal competition.

Positioning in the Industry

China Gold International Resources positions itself as a reliable and sustainable gold producer, leveraging its strong ties with its parent company to enhance its operational capabilities and market reach.

Market Differentiation Factors

The company's primary differentiators include its strong regulatory compliance, commitment to sustainable mining practices, and its affiliation with China National Gold Group Corporation. These factors contribute to its reputation as a trusted player in the gold mining sector.

Back to top

In conclusion, China Gold International Resources Corp. Ltd. stands as a significant entity in the global gold mining industry. With a solid foundation, strategic growth initiatives, and a commitment to regulatory compliance, the company is well-positioned to continue its trajectory of success. For those interested in the dynamics of gold trading and mining, China Gold International offers a compelling case study of a company navigating the complexities of the market while striving for excellence in its operations.

For more information on China Gold International Resources, you can learn more here.