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%.
THE world gold price has yet to peak and the steady emergence of a wealthy Chinese middle class will help underpin a move toward $US2000 per ounce over the next five years, said Richard O’Brien, chief executive officer of Newmont Mining yesterday.
