Shandong Gold Mining offers to acquire Cardinal Resources for $221m

Shandong Gold Mining offers to acquire Cardinal Resources for $221m

Shandong Gold Mining, a Chinese state-owned gold mining company, has offered to acquire Cardinal Resources, a West African gold‐focused exploration and development company, for about AUD321 million ($221 million) in cash. In this connection, the two gold mining companies have entered into a bid implementation agreement as per which Shandong Gold Mining has offered a […]