Jinteng Mining Acquires La Arena Mine from Pan American Silver

Jinteng Mining, part of Zijin Mining Group, has acquired the La Arena mine from Pan American Silver. The transaction, first disclosed in May, has received formal approval, bolstering Jinteng Mining’s global operations in the mining industry.

Jinteng Mining, a subsidiary of China’s Zijin Mining Group, has officially acquired the La Arena open-pit mine and project in Peru from Pan American Silver, as confirmed on Tuesday. This acquisition deal, initially announced in May, has now received the necessary approvals. As a result, Jinteng Mining is poised to enhance its global mining portfolio significantly with this major addition.

In summation, Jinteng Mining’s acquisition of the La Arena mine marks a strategic expansion for the company within the mining sector. This development illustrates the ongoing transactions within the industry, reflecting the growing interest of foreign entities in Canadian mining operations.

Original Source: www.northernminer.com