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Chifeng Jilong walks away from deal to buy Bibiani mine in Ghana Reuters | April 19, 2021 | 7:31 am Exploration Africa Gold  Bibiani’s sale would reduce Resolute’s portfolio to two gold assets: Syama, in Mali (pictured) and Mako, in Senegal. ( China’s Chifeng Jilong Gold Mining on Monday cancelled an agreement to buy the Bibiani gold mine in Ghana, saying it had not received timely information from the seller about the termination of the mining lease. Australia-based Resolute Mining agreed to sell Bibiani to Chifeng Jilong for around $105 million in December, apparently extending a flurry of Chinese M&A in the gold mining sector, only to announce last month its lease had been terminated by the Ghanaian government.

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