China's Zhaojin Mining raises buyout offer for Australia's Tietto Minerals

Zhaojin Mining Industry Co

14/04/2024 23:54

April 15 (Reuters) - Chinese gold miner Zhaojin Mining
Industry  1818.HK  on Monday said it is increasing its offer for
Australia's Tietto Minerals  TIE.AX , now valuing it at A$768.3
million ($497.46 million).
    Zhaojin in October 2023 had bid for the Australian gold
explorer for about A$629 million. 

($1 = 1.5446 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Leslie
Adler)
 ((Shivangi.Lahiri@thomsonreuters.com;))