Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
African Barrick Gold (ABG) (ABGL.:L) said it was not aware of plans by the Tanzanian government to impose a “super tax” on mining profits, responding to reports that the country could introduce a windfall levy.
Worries over the tax helped drag the miner’s shares down 7.8 percent by 1125 GMT, underperforming a sector battered by fresh concerns over the economic recovery.