Jinteng Mining, part of Zijin Mining Group, has acquired La Arena mine from Pan American Silver in Peru. The deal highlights Zijin’s commitment to expanding its international mining operations, particularly in South America.
Jinteng Mining, a subsidiary of China’s Zijin Mining Group, has officially acquired Pan American Silver’s La Arena open-pit mine and project located in Peru. This acquisition was announced in May and has now received the necessary approval to move forward. The strategic purchase enhances Jinteng Mining’s portfolio in the mining sector and signifies Zijin Mining’s ongoing expansion in international territories, particularly in South America.
In summary, the acquisition of the La Arena mine by Jinteng Mining marks an important development in the mining industry. By securing this significant asset, Zijin Mining further solidifies its presence and investment interests in Peru and beyond.
Original Source: www.northernminer.com
