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%.
Fourteen people were killed in a coal mine accident in China’s southwest Guizhou province, the official Xinhua news agency said on Sunday after a 10-day rescue operation.
A collapse at the Shunxun coal mine in Zhenfeng county trapped the 14 people on Feb. 25.
The mine has an annual capacity of 150,000 tonnes, data from the National Energy Administration showed.
China’s mines are among the world’s deadliest. The country in recent years has been calling for an end to small coal mines with an annual capacity below 300,000 tonnes due to environmental and safety concerns.
(By Min Zhang, Muyu Xu and Ryan Woo; Editing by Christopher Cushing)
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