PRECIOUS METALS | Zijin Mining to Acquire Majority Stake in Chifeng Jilong Gold Mining

Zijin Mining's gold division is set to acquire a controlling interest in Chifeng Jilong Gold Mining for $2.64 billion. Bloomberg posted on X, highlighting this move as a significant step in solidifying Zijin Mining's position as China's leading gold producer. The acquisition underscores Zijin's strategic expansion in the precious metals sector, enhancing its influence and operational capacity in the industry. This transaction is expected to bolster Zijin's portfolio and strengthen its market presence in the global gold mining landscape.