Eldorado Sells $40M Stake In Gold Mine To Chinese PE Firm

Law360, New York (February 24, 2014, 3:52 PM EST) -- Eldorado Gold Corp. said Monday that it will sell a minority stake in its Eastern Dragon gold mine in northern China to Chinese private equity firm CDH Investments for $40 million, in a deal that could jump-start development on the delayed project.

CDH Investments snatched up a 20 percent interest in the Eastern Dragon project, which is located in China’s Heilongjiang Province, giving Vancouver-based Eldorado a key partner to help it complete development on the gold mine that has been stalled since late 2011 as it...
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