Zijin completes $3.9 billion Chifeng control deal - Mining.com.au

AI desk brief

Zijin Mining has completed its $3.9 billion acquisition of a 25.85% stake in Chifeng Jilong Gold Mining, giving it effective control even though its holding remains below 50%. Chifeng will be consolidated into Zijin’s accounts, and Zijin plans to replace the board and roll out its operating systems across the business.

Chifeng produced 14.51 tonnes of gold in 2025 and is targeting 14.7 tonnes in 2026. The deal expands Zijin’s footprint across China, Laos and Ghana, but the article provides no direct read-through on near-term bullion pricing.