Gold M&A: Zijin unit gains control of rival Chifeng in $2.6B deal

Zijin Gold is acquiring a controlling stake in Chifeng Jilong Gold Mining for 18.3 billion yuan ($2.64 billion), reinforcing its position as China’s largest gold producer. The unit of Zijin Mining Group (HKG: 2899) will purchase existing mainland-listed shares and...

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