Gold bullion bars are pictured after being inspected and polished at a refinery in Sydney on Aug. 5, 2020. David Gray/AFP via Getty Images
State-owned Chinese corporation Zijin Gold International says it has reached an all-cash deal to buy Canadian company Allied Gold Corp. for $5.5 billion in cash.
Zijin Gold International is a subsidiary of Zijin Mining Group, which is listed on the U.S. government’s Uyghur Forced Labor Prevention Act Entity List. The act restricts the import of goods in the United States from companies considered to be connected to the use of forced labour of China’s ethnic Uyghur minority in the Xinjiang region.
