China's Zijin targets Australian gold miner in M&A spree

Section:

By James Regan
Reuters
Monday, June 22, 2015

SYDNEY, Australia -- Zijin Mining Group launched a bid for Australian gold explorer Phoenix Gold on Monday, the Chinese company's third planned acquisition of a foreign mining asset in less than a month.

Long-dormant M&A activity in Australia and other mining-intensive countries is showing signs of a rebirth, with Zijin the most acquisitive to date and with the deepest pockets.

"The company is open to opportunities around the world," Zijin Executive Director and Vice President George Fang told Reuters. "It is a goal to find more gold or other assets." ...

... For the remainder of the report:

http://www.reuters.com/article/2015/06/22/zijin-australia-ma-idUSL3N0Z81...



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