Chinese Gold Miner Chifeng Scours Globe for Takeover Targets

A major Chinese gold producer is scouting for acquisition opportunities around the world, although the recent price volatility driven by global trade turmoil means it’s not rushing to secure deals.

“There are so many projects on the market that owners are willing to sell,” Lydia Yang, chief executive officer of Chifeng Jilong Gold Mining Co., said in an online interview Thursday from Beijing. She noted there seemed to be more takeover opportunities this year than previously.

Lydia Yang

Source: Chifeng Gold

Known as Chifeng Gold, the miner has been rapidly expanding production both at home and overseas and is the ...