The smaller committment reflects Beijing’s growing concerns over capital outflows and mounting risks of investing in the Sahel region, a restive area of Africa where Allied Gold operates
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China’s Zijin Mining Group Co. Ltd. has scrapped its planned C$5.5 billion ($3.9 billion) takeover of Canadian miner Allied Gold Corp., opting instead for a much smaller investment after the megadeal failed to get Chinese regulatory approval.
China’s $4 billion bid for African gold assets collapses, but Zijin keeps a $295 million foothold
China's Zijin invests $295m in Allied Gold after $4bn sale collapses
Allied Gold says $5.5-billion sale to China’s Zijin has collapsed
Allied Gold's $5.5 billion sale to Chinese gold miner falls apart amid slide in gold prices
Beijing Reaching the Limits of Its Africa Risk Appetite?
Allied gold says acquisition by zijin gold terminated; zijin to invest $295 million instead
紫金矿业：终止收购联合黄金，拟认购其定向增发9.2%股权-36氪
Zijin Gold has abandoned its roughly $4 billion takeover of Allied Gold but will invest $295 million in the miner’s projects…
Companies say 'no reasonable likelihood' conditions for sale would be met
China’s largest gold producer is acquiring Allied Gold to expand its African output as bullion prices hit historic highs
Allied Gold said sale to Zijin Gold was terminated, and the Chinese company will instead invest about US$295 million in the…
Toronto-based Allied Gold Corp. has terminated its $5.5 billion agreement to be acquired by China’s Zijin Gold Co. Intl. Ltd.…
China's delay in approving Zijin Mining's US$4 billion acquisition of Allied Gold raises critical questions about its investment…
