Eldorado to sell Chinese mine

April 29, 2016

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Having previously Eldorado stated that it was mulling the sale of its Chinese assets, dual-listed Eldorado Gold this week announced that it would sell its 82% interest in the Jinfeng mine to China National Gold Group, for $300-million in cash.
China National Gold had been the company’s minority partner at Jinfeng for more than 14 years and was the logical buyer as the operation transitioned fully into the underground, the company advised.

Category: General