Business Activities News
- Zijin won't buy Allied Gold shares
Date: 23-Nov-2006 Sources: (Shenzhen Daily)
DOMESTIC gold producer Zijin Mining Group Co. said yesterday it won't proceed with its planned purchase of shares in Australia's Allied Gold Ltd.
Zijin said in September it had agreed to buy 30.2 million Allied Gold shares. Zijin Mining said in yesterday's statement it won't now go ahead with the transaction because the condition regarding the due diligence has not been fully satisfied. It didn't elaborate.
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