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China’s Zijin Mining clinches US$2.6 billion Chifeng Gold takeover in expansion drive
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Updated 2 hours ago
First seen March 23, 2026 10:07:18Stay on top of this story
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Quick Summary
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...