Zijin Mining to get 45% of Gold Eagle Mining for $227.6M

Zijin Mining Group Co. Ltd. is buying a major stake in Gold Eagle Mining Investment Ltd. for $227.6 million.

Gold Eagle Mining Investment owns the Tibet Xietongmen gold-copper project, which is about 150 miles west of the capitol of Lhasa.

Zinjin will get a 45 percent stake in Gold Eagle Mining, Zinjin said Tuesday.

After the transaction, Jinchuan Group (Hong Kong) Resources Holdings

Ltd. will hold a 55 percent stake in Gold Eagle Mining.