Jinteng Mining has officially acquired Pan American Silver’s La Arena mine in Peru. The deal was first announced in May and has received the required approvals to finalize the transaction. This acquisition reflects Zijin Mining Group’s strategy to expand its mining operations internationally, particularly in South America.

Jinteng Mining, a subsidiary of Zijin Mining Group from China, has officially acquired the La Arena open-pit mine and project in Peru from Canadian miner Pan American Silver. The acquisition deal, which was initially announced in May, has now received the necessary approvals to finalize the ownership transfer in the mining operations. This strategic move signals Zijin Mining’s ongoing expansion into critical mining markets in South America.

The acquisition of La Arena mine by Jinteng Mining signifies a significant expansion for the Chinese mining giant Zijin Mining Group. This deal underscores the continuing interest of international companies in securing valuable resource assets in Peru, a country known for its rich mining potential. As the mining landscape evolves, such acquisitions may lead to further developments within the industry.

Original Source: www.northernminer.com