Zijin Mining

Zijin Mining Group is one of the largest Chinese gold producers in China, and operates the Zijinshan Gold Mine. It paid US$240 million for control of Australia’s Norton Gold in 2012.

Gold miners in Australia are writing down assets and scrambling for cash. Photo: EPA

Struggling Australian gold miners eye outside backers

Australia’s Alacer Gold said it expects to receive bids within a month to sell two gold mines, in a sign that merger activity in the sector may be starting to stir after a slump in bullion prices.

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