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Zijin Mining enters US$870 million credit facility with China Construction Bank Corporation

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Zijin Mining Group Co., Ltd. / Gold Mountains (H.K.) International Mining Company Limited

Gold Mountains (H.K.) International Mining Company Limited, a subsidiary of and guaranteed by Zijin Mining Group Co., Ltd., borrowed a US$840,000,000 term loan from a syndicate of 11 Chinese and international banks coordinated by China Construction Bank Corporation Fujian Branch to finance part of the approximate C$1,860,000,000 acquisition cost of Nevsun Resources Ltd. pursuant to a friendly take-over-bid launched in September 2018. Faskens acted as principal advisors to Zijin on both the acquisition and the acquisition financing with the acquisition financing team being led by Jon Holmstrom (Banking & Finance) and supported by Louise Kennedy (Banking & Finance), John Turner, Michael Boehm, Lei Huang, Janet Howard and Bradley Freelan (Securities and M&A) and Lu Chen.



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