Zijin Mining Group Eyes Potential Acquisition of Zangge Mining

The latest update is out from Zijin Mining Group Co ( (HK:2899) ).

Zijin Mining Group Co., Ltd. has announced a potential acquisition of shares in Zangge Mining Company Limited, which could lead to a change in control of Zangge Mining. This development is subject to approval by Zijin Mining’s board of directors and the formal signing of an acquisition agreement, highlighting Zijin’s strategic efforts to expand its influence in the mining sector.

More about Zijin Mining Group Co

Zijin Mining Group Co., Ltd. is a leading mining company engaged in the exploration and development of mineral resources, primarily focusing on gold, copper, and other metals. It operates on a global scale, positioning itself as a significant player in the mining industry.

YTD Price Performance: 3.50%

Average Trading Volume: 31,506

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $55.62B

For a thorough assessment of 2899 stock, go to TipRanks’ Stock Analysis page.