Feb 03, 2023 05:47 AM

BUSINESS

Zijin Completes $360 Million Suriname Gold Mine Purchase

By Shi Yimin, Luo Guoping and Han Wei

State-backed Zijin Mining is China’s leading gold and copper mining company, producing 55.9 tons of the mineral in 2022

State-backed Zijin Mining is China’s leading gold and copper mining company, producing 55.9 tons of the mineral in 2022

Chinese mining giant Zijin Mining Group Co. Ltd. (601899.SH) completed the acquisition of the Rosebel gold mine in Suriname, one of the largest gold reserves in South America, in a key expansion of its global reach.

The deal will boost the company’s gold reserves and is expected to bring quick investment returns as mining operations improve at the site, Zijin Mining said Wednesday in a filing.

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