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China snaps up mines around the world in rush to secure resources

Dealmaking hits highest level since 2013 as groups seek raw materials that underpin global economy
Appian’s Mineração Vale Verde copper and gold mine in Brazil was sold to China’s Baiyin Nonferrous Group for $420mn in April

Chinese mining acquisitions overseas have hit their highest level in more than a decade as companies race to secure the raw materials that underpin the global economy in the face of mounting geopolitical tension.

There were 10 deals worth more than $100mn last year, the highest since 2013 according to an analysis of S&P and Mergermarket data. Separate research by the Griffith Asia Institute found that last year was the most active for Chinese overseas mining investment and construction since at least 2013.

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