Mining Lease Acquisition
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紫金矿业: 紫金矿业集团股份有限公司关于加纳Akyem金矿采矿租约获得加纳议会追认的公告
Zheng Quan Zhi Xing· 2025-08-01 16:23
Core Viewpoint - Zijin Mining Group has successfully obtained parliamentary ratification for its mining lease at the Akyem gold mine in Ghana, which is expected to enhance the company's operational and financial performance in the coming years [1][2]. Group 1: Mining Lease and Financial Details - The Akyem gold mine's mining lease was approved by Ghana's Ministry of Lands and Natural Resources and ratified by the Ghanaian Parliament, with a lease term effective until January 2037 [1]. - The total transaction price for the acquisition from Newmont Corporation is $1 billion, with an initial payment of $900 million at closing and a remaining $100 million due upon parliamentary approval of the eastern mining lease [1]. - The actual initial payment made by the company was $888 million after adjustments for cash and operating funds, and the remaining $100 million was paid on July 31, 2025 [1]. Group 2: Operational Performance and Future Prospects - Since the acquisition, the Akyem gold mine has been operating smoothly, with equipment in good condition and production metrics meeting expectations, contributing to the company's output and profits from the first year [2]. - The project has favorable mineralization conditions and significant potential for resource expansion, and the company plans to enhance resource reserves, service life, and gold production through further exploration and technical improvements [2].