UAE-backed Chinese company acquires stake in Ethiopian gold mine near Sudan war zone

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Deal between Canada's Allied Gold and China's Zijin includes gold site on Sudan-Ethiopia border Last week, after protracted negotiations and various plot twists, Canadian mining company Allied Gold sold a minority stake in its assets to China’s Zijin Gold International. “With the completion of the strategic investment, Zijin Gold holds approximately 9.2 percent of the issued and outstanding common shares of the company,” Allied Gold announced in a statement. This is the latest, most significant