China’s Zhaojin Mining Industry Company has signed an agreement with the Xinjiang Government to develop gold resources in the region.

Under the integration agreement with the Tuoli County Government, the company will make an RMB500m investment in resources integration over the next three years to fund the necessary exploration and construction work.

The company’s volume of mining and ore processing in Tuoli County is expected to touch 5,000 metric tonnes a day.

Zhaojin Mining has established a gold mining and smelting chain in the northern Xinjiang region.