Chinese Regulator Delays Zijin Gold's US$4 Billion Allied Gold Takeover

2026-06-02 12:30:00 ET

Beijing’s National Development and Reform Commission (NDRC) has delayed regulatory approval for Zijin Gold International's (HKEX:2259,OTCPL:ZJNGF) US$4 billion acquisition of Allied Gold (TSX:AAUC,NYSE:AAUC) , questioning the transaction premium and the political risks of the target's mining operations in Mali.

According to a May 29 Financial Times report , the impasse has forced the companies to extend the outside completion date of the transaction by two months to the end of July.

While Canadian and African regulators have already approved the deal, clearance from the NDRC remains outstanding under China’s outbound investment review process. The NDRC has raised concerns over the premium Zijin is paying and the stability of Mali, which accounts for approximately half of Allied’s gold output.

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