China Gold Deal Draws Scrutiny From US House Committee (1)

A $4 billion deal by a subsidiary of China’s Zijin Mining Group Co. to buy Canada’s Allied Gold Corp. is drawing the attention of an influential US congressional panel, which said the move expanded China’s influence.

“China is always looking to expand its influence,” the House Select Committee on the Chinese Communist Party said in a social media post. “Now, Zijin Gold is buying control of more assets in the Western Hemisphere.” A committee spokesman didn’t immediately respond to an email seeking more information.

The deal, agreed to on Monday, is among the largest acquisitions of a Canada-registered mining ...