BEIJING -- Zijin Mining one of China's biggest gold producers, said today it would buy partner Freeport McMoran Inc.'s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals.
The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it took over local copper producer RTB Bor in 2018, before completing the purchase of Nevsun Resources, which also has interests in Serbia, for $1.4 billion this year. ...
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