# gold mining

Zijin’s Big Bet: CAD5.5bn Purchase of Four African Mines Pushes Chinese Miner Toward 100‑Tonne Gold Club

Zijin Mining has offered CAD5.5 billion in cash to acquire a Toronto‑ and New York‑listed gold company owning four African mines, a deal that would lift Zijin’s annual mined gold output above 100 tonnes. The purchase capitalises on favourable infrastructure and high gold prices but increases balance‑sheet and integration risks as Zijin accelerates its global expansion.