China’s Zijin agrees to buy Canadian gold miner for $1bn

Financial Times/Neil Hume

photo of Chinese gold dragon sculpture“China’s state-backed Zijin Mining Group has agreed to buy Continental Gold for $1bn, as the industry’s consolidation accelerates.”

USAGOLD note:  The article points out that China’s mining companies are likely to make more acquisitions “given the metal’s strategic importance to Beijing.”  Ziijn MIning Group is state-owned.

Repost from 12-3-2019

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