Topic
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 prices hover at all-time highs amid US banking crisis fears and global central banks stockpiling at a frenetic pace
- Stocks of gold producers Shandong Gold, Zhongjin Gold and Zijin Mining are up by around 10 per cent in 2023, beating the CSI 300 Index’s 1.7 per cent gain
Zijin Mining, one of China’s largest gold and copper miners, is entangled in a legal dispute with Australian miner AVZ Minerals over the purchase of a stake in one of the most important lithium projects in the world.
A rally in gold prices to an all-time high is underpinning a surge in mergers and acquisitions as unprofitable or marginally economic assets become viable targets.
North American firm’s shares rose as much as 11 per cent in Toronto on Monday after successful takeover by Fujian-based group.
China’s largest gold miner will issue A shares in Shanghai, raising US$1.16 billion to fund takeover of Canadian miner
Zijin Mining, China's largest gold producer, is being hit by a lower gold prices and a decline in the gold content of ore at its mainstay mine.