Zijin Gold Delays $4 Billion Allied Deal to End-July as China Questions 5% Premium
Updated
Updated · MINING.com · Jun 2
Zijin Gold Delays $4 Billion Allied Deal to End-July as China Questions 5% Premium
2 articles · Updated · MINING.com · Jun 2
End-July is the new outside date for Zijin Gold’s C$5.5 billion ($4 billion) cash acquisition of Allied Gold after Chinese approval was delayed.
China’s National Development and Reform Commission is said to be questioning both the roughly 5% premium Zijin offered and jurisdiction risk tied to Allied’s African assets, especially Mali.
Allied shareholders had already approved the takeover in April, and the company said Canadian and African regulators have now also cleared the transaction.
Allied shares fell about 6.5% after the delay surfaced, even as the miner said both parties were still working toward closing a deal it called strategically compelling.
The acquisition would give Zijin three producing or near-production assets in Mali, Côte d’Ivoire and Ethiopia; the first two produced nearly 380,000 ounces of gold in 2025.