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Chinese gold miner Chifeng scours globe for takeover targets
A major Chinese gold producer is scouting for acquisition opportunities around the world, although the recent price volatility driven by global trade turmoil means it’s not rushing to secure deals. “There are so many projects on the market that owners are willing to sell,” Lydia Yang, CEO of Chifeng Jilong Gold Mining, said in an online interview Thursday from Beijing. She noted there seemed to be more takeover opportunities this year than previously.
A major Chinese gold producer is scouting for acquisition opportunities around the world, although the recent price volatility driven by global trade turmoil means it’s not rushing to secure deals.
“There are so many projects on the market that owners are willing to sell,” Lydia Yang, CEO of Chifeng Jilong Gold Mining, said in an online interview Thursday from Beijing. She noted there seemed to be more takeover opportunities this year than previously.
