Eldorado gets private equity partner for China gold mine - Reuters
Eldorado Gold Corp (TSX: ELD) plans to sell a minority stake in its stalled Eastern Dragon project to Chinese private equity firm CDH Investments, the Canadian miner said on Monday. CDH will acquire 20 percent of the gold mine in the northern Chinese province of Heilongjiang for US$40 million in cash. Eldorado said it expected CDH to help complete the development of Eastern Dragon. Based in Vancouver, Eldorado is low-cost gold producer with over 20 years of experience building and operating gold mines in Europe, Asia and South America.
24 February 2014•1 min read
