Jinteng Mining, part of China’s Zijin Mining Group, has officially acquired the La Arena mine from Pan American Silver in Peru. The deal, which was first revealed in May, has secured the required approvals, indicating a milestone in Zijin’s expansion efforts in the region.
Jinteng Mining, a subsidiary of China’s Zijin Mining Group, has finalized its acquisition of the La Arena open-pit mine and project from Canadian miner Pan American Silver in Peru. This transaction, initially announced in May, has gained the necessary approvals to proceed. This acquisition marks a significant development in the mining sector and reflects Zijin Mining Group’s strategic expansion in the region.
In summary, the acquisition of the La Arena mine by Jinteng Mining underscores the ongoing investment and interest of Chinese firms in the mining sector, particularly in Latin America. This transaction enhances Jinteng Mining’s portfolio and strengthens its operational capabilities in the mining industry.
Original Source: www.northernminer.com
