Zijin Gold takes 9.2% stake in Allied Gold, gaining exposure to Ethiopia’s Kurmuk project
Zijin Gold International has acquired a 9.2% stake in Allied Gold, giving it indirect exposure to the Kurmuk gold project in Ethiopia’s Benishangul-Gumuz region.
In short
- Zijin Gold International has acquired a 9.2% stake in Allied Gold, giving it indirect exposure to the Kurmuk gold project in Ethiopia’s Benishangul-Gumuz region.
Zijin Gold International has acquired a 9.2% stake in Canadian mining company Allied Gold, according to an Addis Standard report carried by AllAfrica on August 20, 2026.
The transaction gives Zijin indirect exposure to Allied Gold’s portfolio, including the Kurmuk gold project in Ethiopia’s Benishangul-Gumuz region near the Sudan border. The reported investment is a corporate-level stake in Allied Gold rather than a direct purchase of the Ethiopian project.
The deal adds a major Chinese gold producer to the shareholder base of a company developing an Ethiopian mining asset. Further financial and operational implications for the Kurmuk project were not detailed in the available source item.
