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%.
Gold Fields (GFIJ.J), the world’s fourth-largest listed gold miner, said on Tuesday rising commodity prices were putting cost pressures on gold miners even as the price of the precious metal itself climbed.
“We are concerned about what we’ve seen on the commodities front,” Chief Executive Nick Holland told the Reuters mining summit, citing oil’s recent rally but also other rising costs for key things such as timber and steel.