Zijin banks on overseas M&As for future growth

China's largest gold producer Zijin Mining Group Co said it is open to acquisition opportunities in resource-rich countries, as many mining assets are undervalued due to a sluggish global market.

Chen Jinghe, chairman of Zijin, said that the company is still weighing the possibilities for acquisitions but declined to provide any detailed information.

"Chinese mining companies should 'go out' and compete in the global market as many undervalued mines present a good buying opportunity," he said.