According to Mining.com, China Zijin Mining successfully acquired Guyana Goldfields at a price of 323 million Canadian dollars (238 million US dollars), beating Silvercorp Metals.
The Fujian-based mining giant proposed to buy Guyana’s common stock for $1.85 per share in cash, which is 35% higher than the price offered by Silver Metal.
NMDC announces Becheli iron ore production has suspended production
India’s NMDC Ltd announced on Friday that its Becheli iron mine in Chhattisgarh in eastern India has suspended production in accordance with state government orders. With an annual output of 600 tons, the mine is the largest iron ore mine at NMDC and accounts for approximately 40% of the company’s annual output. An NMDC leader stated that the company’s Kirandul iron ore production in the region is normal.
