Chinese Mining Company “Zijin” Acquires Newmont’s Akyem Gold Mine in Ghana for 1Billion Dollars
China’s Zijin Mining has acquired Newmont’s Ghana gold project. The $1 billion transaction marks a major shift in ownership of one of Ghana’s most prominent gold-producing assets and aligns with Zijin’s aggressive strategy to expand its global gold footprint.
According to an announcement released by Zijin on 16 April 2025, the deal was fínalised after all cønditions set out in the agreement were either met or waived.
The acquisition consists of $900 million paid in cash upon closure, with an additional $100 million contíngent upon certain future conditions
Zijin plans to begin underground mining activities at Akyem by 2028, extending the mine’s life to 2042
Zijin also acknowledged interest from Ghanaian entities in acquiring a minority stake in the mine and indicated openness to such partnerships
The company underscored that the mine has “significant potential” under current and projected gold market conditions
Chinese Mining Company “Zijin” Acquires Newmont’s Akyem Gold Mine in Ghana for 1Billion Dollars
