Jinteng Mining, a subsidiary of Zijin Mining Group, has successfully acquired Pan American Silver’s La Arena open-pit mine in Peru. The deal, first revealed in May, received necessary approval on Tuesday, marking an important move for Jinteng in the mining landscape.
Jinteng Mining, a subsidiary of Zijin Mining Group from China, has officially acquired the La Arena open-pit mine project in Peru from Pan American Silver. This acquisition, first announced in May, marks a strategic advancement for Jinteng, enhancing its operational footprint in the mining sector. Approval for the transaction was granted on Tuesday, facilitating a notable transition in asset ownership within the industry.
In summary, the acquisition of the La Arena mine by Jinteng Mining represents significant progress for the company and highlights the ongoing consolidations within the mining sector. This transaction underscores the growing influence of Chinese companies in global mining operations, particularly in key regions like Peru.
Original Source: www.northernminer.com
