Zijin Mining Group Co ( (HK:2899) ) has issued an announcement.
Zijin Mining Group Co.’s subsidiary, Norton Gold Fields Pty Limited, has completed the sale of its 100% equity interest in Bullabulling Gold Pty Ltd to Minerals 260 Limited for AUD156.5 million in cash and AUD10 million in shares. This transaction aligns with Zijin’s strategy to focus on larger projects and divest smaller ones, thereby optimizing its asset structure and improving operational efficiency.
More about Zijin Mining Group Co
Zijin Mining Group Co. is a major player in the mining industry, primarily focusing on the exploration, development, and production of mineral resources. The company is known for its large-scale projects and strategic divestment of smaller assets to optimize its operations and enhance efficiency.
YTD Price Performance: 11.11%
Average Trading Volume: 74,826
Technical Sentiment Signal: Sell
Current Market Cap: $61.13B
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