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Iamgold sale stalls as Chinese bidders fail - Bloomberg

|About: IAMGOLD Corporation (IAG)|By:, SA News Editor

The sale of Iamgold (NYSE:IAG) has stalled after miner failed to reach an agreement with several Chinese suitors, Bloomberg reports.

Chinese gold producers including China National Gold (OTCPK:JINFF), Shandong Gold Mining and Zijin Mining (OTCPK:ZIJMF) all showed interest in IAG, but talks stumbled over price as well as concerns related to China-Canada political tensions, according to the report.

A suitor could still come through with a better offer, or IAG could decide to pursue other options such as selling a stake in its Cote project, the report says.

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