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China's Zijin Mining to buy Newmont's Ghana gold project for $1 billion
By Ayushman Ojha
Reuters
Tuesday, October 8, 2024
China's Zijin Mining Group will buy the Akyem gold mine project in Ghana from U.S.-based Newmont Corp. for $1 billion, the companies said today.
The sale is a part of Newmont's ongoing program to divest non-core assets as the company makes a strategic shift to focus on its tier one assets, the U.S. gold producer said.
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Newmont is expected to receive cash consideration of $900 million upon the deal's closure, with a further $100 million upon satisfaction of certain conditions. ...
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