Zhaojin offer for Tietto 'materially undervalues gold miner'

In:

Metals and Mining

Region:

Asia-Pacific

Zhaojin Mining's $404.57 million bid for Tietto Minerals vastly undervalues the West African gold miner, according to an independent expert report.The China gold miner, Tietto's second biggest shareholder with about a 7% holding, last month made an offer to buy the remaining 93% stake for...

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