China’s Zijin Mining Slows M&A on Valuations, Geopolitical Risks
- Zijin turns more cautious as competition lifts project prices
- Firm to raise investment in China and neighbouring countries
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Zijin Mining Group Co., a leading Chinese copper and gold miner, has slowed acquisitions due to high project valuations and geopolitical tensions.
The number and scale of deals completed by the company is fewer than previous years, although it’s still “actively looking for merger and acquisition opportunities generally,” President Zou Laicang told investors at a briefing on Wednesday following the company’s first-half results.