Jinteng Mining, part of China’s Zijin Mining Group, has officially acquired the La Arena open-pit mine in Peru from Pan American Silver. The deal received regulatory approval after being announced in May, indicating a strategic expansion in Zijin’s mining portfolio.
On Tuesday, Jinteng Mining, a subsidiary of Zijin Mining Group from China, officially acquired the La Arena open-pit mine and project in Peru from Pan American Silver, a Canadian mining company. This acquisition was initially announced in May and has now received the necessary regulatory approval. The La Arena project is significant in the mining sector and adds to Jinteng’s portfolio in the region.
The acquisition of La Arena by Jinteng Mining marks a notable expansion in the mining interests of Zijin Mining Group. With this purchase, the company enhances its operational capabilities in Peru’s mineral-rich landscape, reflecting the ongoing globalization of mining enterprises and the strategic movements of major industry players.
Original Source: www.northernminer.com
