China’s Zijin Mining to buy Canada’s Continental Gold for $1 billion amid security risk
05.12.2019
China’s Zijin Mining Group Co Ltd (601899.SS) (2899.HK) has agreed to buy Canadian miner Continental Gold Inc (CNL.TO) for C$1.3 billion ($1 billion), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin’s offer for Continental, announced on Monday, aims to secure Continental…