Zijin on the prowl for overseas acquisitions

Zijin Mining Group Co, China's most profitable gold producer, says it is using the slump in metals prices to accelerate overseas acquisitions.

The company will pursue its "going abroad" strategy with new urgency given relatively low valuations in the mining sector, Chairman Chen Jinghe told Bloomberg Television.

The company, based in Fujian province, wants to secure producing assets overseas, as it juggles depleting mines and heightened environmental scrutiny at home with growing demand in the world's biggest buyer of the metal.