Zijin Mining Group Co.

Chinese Mining Company Acquires Newmont’s Akyem Gold Mine Project For $1 Billion

Chinese Mining Company Acquires Newmont’s Akyem Gold Mine Project For $1 Billion

Zijin Mining Group Co., Ltd., a Chinese multinational mining firm, has officially completed the acquisition of the Akyem Gold Mine Project in Ghana from US-based Newmont Corporation. The $1 billion transaction marks a major shift in ownership of one of Ghana's most prominent gold-producing assets and aligns with Zijin’s aggressive strategy to expand its global gold footprint. According to an announcement released by Zijin on 16 April 2025, the deal was finalised after all conditions set out in the agreement were either met or waived. The acquisition was executed through Gold Source International, Zijin’s overseas wholly-owned subsidiary, which now assumes…
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