Zhaojin Mining Industry to acquire Tietto Minerals for $474m.

Zhaojin Mining Industry, a gold mining enterprise, offered to acquire Tietto Minerals, an Australia-based gold explorer and developer company, for $474m. “There is no certainty that the indicative proposal will ultimately result in a binding proposal that the board of Tietto is willing to recommend to its shareholders. The board will carefully consider the indicative proposal and provide shareholders with their advice in due course,” Tietto Minerals. The offer was raised from $399m to $474m in April 2024.