Investment Summary

China National Gold Group Invests In Jinfeng mine

On April 26, 2016, China National Gold Group invested in metals/mining company Jinfeng mine from Eldorado Gold

Investment Highlights
  • This is China National Gold Group’s 1st transaction in the Metals/Mining sector.
  • This is China National Gold Group’s 1st transaction in China.

Investment Summary

Date 2016-04-26
Target Jinfeng mine
Sector Metals/Mining
Investor(s) China National Gold Group
Sellers(s) Eldorado Gold
Deal Type Stake Purchase

Target

Jinfeng mine

Guizhou Province, China
Jinfeng is an open pit and underground gold mine located in China’s southern Guizhou Province. In 2016 Jinfeng is expected to process 930,000 tonnes of ore at a grade of 3.89 grams per tonne gold.

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Investor(S) 1

Investor

China National Gold Group

Beijing, China

Category Company
Founded 1979
Sector Metals/Mining
DESCRIPTION

China Gold is mainly specialized in prospection designing, resource development, production, trade, engineering procurement construction and others businesses of non-ferrous metals including gold, silver, copper and molybdenum. As a large-scale comprehensive mining corporation, it integrates operations of geologic prospection, mining, mineral dressing and processing, product refining, marketing, scientific and technological research, engineering design and construction.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Eldorado Gold

Vancouver, British Columbia, Canada

Category Company
Founded 1992
Sector Metals/Mining
Employees5,800
Revenue 1.3B USD (2024)
DESCRIPTION

Eldorado Gold is a gold mining company that owns and operates seven mines and is developing many projects. Eldorado Gold was founded in 1992 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 1 of 2
Sector: Metals/Mining M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 2
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-03 Sino Gold Mining

Sydney, Austria

Sino Gold Mining Ltd. engages in the exploration and production of gold in China and has two operating mines, Jinfeng and White Mountain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 White Mountain & Tanjianshan Mines & Eastern Dragon Development Project

China

White Mountain & Tanjianshan Mines & Eastern Dragon Development Project engages in the mining, development and exploration.

Sell $600M