Zijin Gold Scraps Allied Deal for Stake Investment
Zijin Gold International has abandoned its planned 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 for the Chinese mining company's involvement with Allied Gold. The move suggests Zijin prefers a minority investment position over full acquisition control.
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Zijin Gold’s Allied Deal Scrapped in Favor of $295 Million Stake
Zijin Gold International has abandoned its planned 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 for the Chinese mining company's involvement with Allied Gold. The move suggests Zijin prefers a minority investment position over full acquisition control.
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