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Iamgold sale stalls as Chinese bidders’ talks fail

Posted by ipso facto @ 10:40 on October 10, 2019  

The sale of Iamgold Corp. has stalled after the mid-tier Canadian gold miner failed to reach an agreement with several Chinese suitors, people with knowledge of the matter said.

Chinese gold producers including China National Gold Group Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. had all shown interest in Iamgold, said the people, who asked not to be identified as the information is private. But discussions stumbled over price as well as concerns related to ongoing Sino-Canada political tensions, the people said.

Iamgold sale stalls as Chinese bidders’ talks fail

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.