Chinese Company on US Forced Labour Watchlist to Acquire Canadian Gold Mining Firm Zijin Gold International, a subsidiary of the U.S. Uyghur Forced Labor Prevention Act Entity List-listed Zijin Mining Group, has agreed to purchase Allied Gold Corp. for $5.5 billion in cash. The deal offers $44 per share for the Toronto-based company, which operates three mines in Africa. The Uyghur Forced Labor Prevention Act restricts imports from companies linked to forced labor of China’s Uyghur minority in the Xinjiang region.

• Zijin Gold International to acquire Allied Gold Corp. for $5.5 billion cash.
• Zijin Gold International is a subsidiary of Zijin Mining Group.
• Zijin Mining Group is on the U.S. Uyghur Forced Labor Prevention Act Entity List.
• The act restricts imports from companies linked to forced labor in Xinjiang.
• Allied Gold Corp. owns and operates three mines in Africa.
• The offer price is $44 per share, exceeding the recent stock closing price.