China's Shandong Gold to acquire Ghana-focused Cardinal Resources for $221m

China's Shandong Gold to acquire Ghana-focused Cardinal Resources for $221m

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Shandong Gold Mining Co, one of China’s biggest gold producers, said on Thursday it would buy Ghana-focused miner Cardinal Resources Ltd for around A$321 million ($221 million) in cash.