Loading ...China is poised to seize control of half the Kalgoorlie Super Pit after making a knockout bid of more than $US1 billion ($1.36 billion) for a stake in Australia’s most important gold mine.
The Super Pit is owned by rivals Barrick Gold Corporation and Newmont Mining Corporation through their joint venture, Kalgoorlie Consolidated Gold Mines.
Full article: https://au.news.yahoo.com/thewest/wa/a/33270487/china-bid-for-half-of-super-pit/#page1
Probably a good indicator as Chinese normally don’t get involved in losing ventures.
GT