Chinese acquisitions in gold sector triple, as Africa becomes a prime target

Chinese acquisitions in gold sector triple, as Africa becomes a prime target Chinese gold mining companies are on a buying spree in West Africa and South America, outbidding rivals for assets in less familiar regions as the governments in their usual hunting grounds turn against them. China's overseas mining M&A activity fell overall in 2020, Refinitiv data shows, but the number of acquisitions in the gold sector tripled from 2019 even though a surge in the gold market to record levels inflated premiums. Bankers and lawyers predicted the focus would continue on the emerging economies that welcome Chinese investment as…