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Tuesday, 7/14, 04:24 PM
Ethiopia Clears Zijin's $4 Billion Takeover of Allied Gold
- Ethiopia has approved China's Zijin Mining to buy Canadian producer Allied Gold in an all-cash deal worth about $4 billion, removing one of the last regulatory hurdles before the takeover can close.
- The purchase hands Zijin four African gold operations, including Ethiopia's first large industrial gold mine.