Zijin Gold to acquire Allied Gold for CAD5.5bn.

Zijin Gold, a mining company, agreed to acquire Allied Gold, a mining and metals company, for CAD5.5bn. “Allied Gold has successfully assembled and advanced a portfolio of large-scale, long-life gold assets with compelling expansion potential. As the prospective new owners, we look forward to working with stakeholders in Ethiopia, Mali and Cote d’Ivoire to further advance these operations. Sadiola and Kurmuk are generational assets which we expect to provide multi-decade production, complemented by the meaningful production from the CDI Complex. The acquisition is consistent with our strategy of acquiring high-quality gold assets and expands our presence in Africa,” Hongfu Lin, Zijin Gold Chairman.