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23.03.26 - 07:18
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China′s Zijin Mining clinches US$2.6 billion Chifeng Gold takeover in expansion drive (SCMP)
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Zijin Mining, China's largest gold producer, has expanded its buying spree by acquiring controlling shares in China-based Chifeng Jilong Gold Mining for 18.26 billion yuan (US$2.64 billion), the company said.
The acquisition came only two months after Zijin Mining proposed to buy Canadian Allied Gold for 28 billion yuan as part of its global expansion.
Through its subsidiary Zijin Gold, the acquisition was structured in two primary tranches, Zijin Mining said in a Hong Kong stock exchange filing......
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27.01.26 - 04:42
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China′s largest gold miner Zijin buys Canada′s Allied Gold for US$4 billion as ties thaw (SCMP)
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China's biggest mining company Zijin Mining Group is acquiring Canadian miner Allied Gold in an all-cash deal valued at about C$5.5 billion (US$4 billion), the first major cross-border transaction after Beijing and Ottawa recently reset ties after years of diplomatic strain.
Zijin Gold International, a Hong Kong-listed subsidiary of Zijin Mining, agreed to buy all issued and outstanding shares of Allied Gold for C$44 per share, according to a joint announcement on Monday. Zijin Gold's shares......
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