On Wednesday, Sino Gold, an Australia-based mining concern with major operations in China announced plans to sell itself to Eldorado, a Canadian mining company with similarly sizable Chinese operations, for $2 billion.
A deal like this one might not register on too many dealmakers’ radars, but these days, China is the biggest gold-producing country in the world (and poised to soon become the world’s biggest gold consumer as well). If approved, the buyout by Sino would double Eldorado’s output, making it the largest gold mining firm in the largest gold-producing and gold-consuming country in the world. The new entity would have an estimated market cap of well over $6 billion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
