Announcements from Ghanaian government agencies or official press releases from Zijin Mining or Newmont

State-Owned Zijin Mining to Acquire Newmont's Akyem Gold Project in Ghana for $1 Billion

Oct 9, 2024, 01:36 AM

China's Zijin Mining has agreed to purchase Newmont's Ghanian gold mine, the Akyem gold project, for up to $1 billion in cash, per @Reuters. This acquisition is part of the state-owned firm's strategy to enhance its resource base and meet its aggressive output targets. Treadstone and Citi have been tapped to facilitate Newmont's $1 billion sale. The deal signifies Zijin Mining's continued expansion in the gold mining sector.