Chinese gold giant failed to buy this African-focused miner for $3.9 billion; now its new Ethiopian mine is producing gold
The Canadian-based gold mining company, Allied Gold, recently announced that it has poured its first gold at the Kurmuk mine in Ethiopia, marking the start of production at a project expected to significantly increase the company's output over the next two years.
By Chinedu OkaforSouth Africa
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Zijin Mining Group signage is seen at one of the company’s operations, as its subsidiary Zijin Gold International announces a $4 billion acquisition of Africa-focused Allied Gold to expand production and reserves. [Stock Photo/Getty Images]
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About this article
- Length
- 35 words · 1 min read
- Published
- November 10, 2026
- Byline
- Chinedu Okafor
- Source
- Business Insider