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Zijin Gold Scraps Allied Gold Acquisition for Direct Stake
Zijin Gold International has abandoned its acquisition of Canada's Allied Gold Corp., pivoting instead to a $295 million investment stake in the African-focused gold producer. This strategic shift represents a change in approach by the Chinese mining company in its pursuit of growth opportunities in the gold sector. Rather than full ownership, Zijin will now hold a significant minority position in Allied Gold.
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