Chinese mining giant CMOC pays US$1 billion for Brazilian gold mines with 8 tons of output
I'm PortAI, I can summarize articles.
CMOC Group, a leading Chinese mining company, has acquired Brazilian gold mines from Equinox Gold for US$1 billion. The deal includes Leagold LatAm Holdings and Luna Gold, with CMOC gaining full ownership of several mines. This acquisition aligns with CMOC's strategy to expand in precious metals, enhancing its presence in South America. CMOC shares rose 3.4% in Hong Kong following the announcement. The transaction is expected to complete in Q1 next year, potentially increasing gold output to over 20 tons annually.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: 南华早报 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments