Miner Company
Zijin Gold Acquires Control of Chinese Rival for $2.6 Billion
The gold unit of Zijin Mining Group Co. will acquire a controlling stake in Chifeng Jilong Gold Mining Co. for 18.26 billion yuan ($2.64 billion), cementing the group’s status as China’s top miner of the precious metal.
Tickers: ZJINY
The gold unit of Zijin Mining Group Co. will acquire a controlling stake in Chifeng Jilong Gold Mining Co. for 18.26 billion yuan ($2.64 billion), cementing the group’s status as China’s top miner of the precious metal.
Topics: gold miningChinaacquisitionZijin MiningChifeng Jilong Gold Mining