Zijin Gold International to Acquire Allied Gold for C$5.5 Billion
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Zijin Gold International, a subsidiary of Zijin Mining Group, plans to acquire Allied Gold for C$5.5 billion. This acquisition will add three large-scale gold mines in Africa to Zijin's portfolio, expanding its global presence to 12 mines. The deal is expected to enhance Zijin's profitability and production capacity, allowing it to exceed its gold production target of 100 tonnes ahead of schedule, pending shareholder approval and other conditions.
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