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Shandong Gold
Shandong Gold Group is a state-owned Chinese gold mining company under the provincial government of Shandong. The company is the second-largest producer of gold in China by output and its publicly listed subsidiary ranked #1,898 in the Forbes Global 2000. Corporate affairs Shandong Gold Group is the parent company of Shandong Gold Mining, which is publicly listed on the Shanghai Stock Exchange. As a state-owned enterprise, it is directly supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of the Shandong Provincial Government. In September 2018, Shandong Gold formed a strategic partnership with Canadian mining giant Barrick Gold, involving mutual cross-investment of up to $300 million. This followed the acquisition of a 50% stake in Barrick's Veladero mine in Argentina in 2017. Shandong Gold is a member of the World Gold Council, a global industry body promoting responsible gold mining practices. Shanjin International Gold Shanjin Intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |