LONDON: China’s Shandong Gold Mining Co has emerged as the lead bidder for Glencore Plc’s gold mine in Kazakhstan, which may fetch about US$2bil in a sale, according to people familiar with the matter.
Shandong Gold, one of China’s largest gold producers, outbid other parties including Silk Road Fund, which had teamed up with state-owned China National Gold Group Corp, the people said, asking not to be identified as the information is private.
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