Shandong Gold seeks overseas expansion

Shandong Gold Group Co Ltd, one of China's leading gold producers, is seeking to expand its overseas business as it aims to become one of the top 10 gold miners in the world.

The Shandong-based company is targeting assets in countries that have stable social conditions, good gold reserves and open markets, according to a company executive.

"Our main focus will be countries and regions involved in the Belt and Road Initiative," said Li Guohong, general manager of the company.