Jiangxi Copper's Full Takeover Bid for SolGold Approved

Jiangxi Copper, through its wholly-owned subsidiary Jiangtong Hong Kong Investment, has acquired all shares of mining company SolGold via a cash offer of 28 pence per share, valuing the entire deal at approximately £867 million (about ¥8.2 billion CNY / $125.2 million USD). The transaction was approved at SolGold's court meeting and general shareholders' meeting on February 23, 2026, and received formal sanction from the UK court on March 2, marking the completion of the final statutory approval process. This represents a major acquisition of overseas mining assets by a Chinese mining giant, involving critical metal resources such as copper and gold. The deal holds significant strategic importance for both the global mining resource landscape and Jiangxi Copper's own resource reserves.