Zijin Mining explores potential acquisition of Zangge Mining

Zijin Mining Group (SSE: 601899) announced it is in discussions to acquire a controlling stake in Zangge Mining (SZSE: 000408). Zijin is currently negotiating with Zangge Mining's largest shareholder, Tibet Zangge Venture Capital Group, and its second-largest shareholder, Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment. The acquisition, if completed, would represent a significant expansion for Zijin Mining. The company cautioned that the acquisition is subject to board approval and a definitive agreement. Investors are advised to exercise caution as the deal progresses.