Shanjin International Mining and Agilan Mining intend to establish a joint venture company in Saudi Arabia, which is now in the public notice period.

On April 3rd, the website of the Shanghai Market Supervision Administration showed that Shandong Gold Group International Mining Development Co., Ltd. and Agilan Brothers Mining Company have entered a new joint venture enterprise for public notice. The public notice period is from April 3, 2026 to April 12, 2026. According to the notice of the simplified case of operator concentration, Shandong Gold Group International Mining Development Co., Ltd. has signed a "Joint Venture Agreement" with Agilan Brothers Mining Company through Shandong Geo-mineral Company Limited. The joint venture aims to establish a joint venture enterprise in Saudi Arabia, with its main business being exploration related to potential mineral reserves in the Nabitah-Ad Duwayhi Belt in Saudi Arabia, as well as the operation, management, and development of mines, and the potential production and sale of mineral products. After the transaction, Shandong Gold International Mining will hold 51% of the shares in the joint venture enterprise, while Agilan Mining will hold 49% of the shares. The joint venture enterprise will be jointly controlled by Shandong Gold International Mining and Agilan Mining.