Jinteng Mining has acquired Pan American Silver’s La Arena mine in Peru, completing a deal first announced in May. The transaction is significant for both the acquiring company and the global mining industry as it reflects trends in international investments and collaboration.
Jinteng Mining, a subsidiary of Zijin Mining Group from China, has officially completed its acquisition of the La Arena open-pit mine and project in Peru from Canadian miner Pan American Silver. The announcement regarding this significant development was initially made in May and has now received all necessary approvals to finalize the transaction, marking a pivotal move in the mining sector.
This acquisition significantly enhances Jinteng Mining’s portfolio and reflects ongoing investment trends in the mining industry, particularly from Chinese firms in international markets. The completion of this deal is a strategic move that underscores the growing collaboration between Chinese mining companies and global resources.
Original Source: www.northernminer.com
