Zijin to Acquire Kazakhstan Gold Mine Project for $1.2 Billion
Zijin Mining Group Co. is set to acquire a gold project in Kazakhstan, underscoring the Chinese company's ambitious push to expand production of the precious metal.
The gold and copper producer agreed to purchase the Raygorodok Gold Mine project for $1.2 billion, Zijin Mining said in a filing to the Hong Kong Stock Exchange. If it proceeds, it will be the miner's biggest acquisition in six years.
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3 Recession-Resilient Stocks for Prepared Investors
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