Zijin Mining Group Co (HK:2899) has released an update.
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Zijin Mining Group Co. has solidified its presence in the gold mining sector by acquiring 100% of Newmont’s Akyem Gold Mine in Ghana for USD 1 billion. The strategic move, ratified by Zijin’s board, promises to expand the company’s asset portfolio, although it is contingent on certain conditions. Investors are encouraged to consider the associated risks, as the transaction’s finalization is still pending.
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