Drill and Deal

Deals / Zijin Mining – Akyem mine, from Newmont

Gold · announced 8 October 2024 · completed

Zijin Mining – Akyem mine, from Newmont

A non-core mine for Newmont became a growth asset for a Chinese buyer; part of the price waited on a lease renewal.

Acquirer
Zijin Mining
Target
Akyem mine, from Newmont
Announced
Metal
Gold
Announced value
up to $1bn
Structure
Cash, with a $100m contingent payment
Status
Completed