Zijin Mining

Zijin Mining has acquired controlling shares in Chifeng Jilong for 18.26 billion yuan (US$2.64 billion) via Zijin Gold, part of a wider expansion that followed a proposed bid for Allied Gold.

Hong Kong stocks slumped as the Strait of Hormuz crisis deepened, with the Hang Seng down 2.6% and miners hit amid falling bullion prices, dragging Asian markets lower.