Jiangxi Copper's Full Takeover Bid for SolGold Receives Approval

Jiangxi Copper, through its wholly-owned subsidiary Jiangtong Hong Kong Investment, has received formal approval from a UK court for its cash offer to acquire all shares of London-listed mining company SolGold at 28 pence per share. The transaction, valued at approximately £867 million (about ¥8.2 billion or $1.12 billion USD), is scheduled to take effect on March 4, 2026, following the court's approval on March 2. This acquisition represents a key strategic move by Jiangxi Copper to advance its internationalization strategy and secure long-term, stable supply of core mineral resources. The deal marks a significant step in the global resource expansion of Chinese mining enterprises.