CaixinIn Depth: How Chinese miner lost Pacific Island gold mine rights
In wake of Papua New Guinea loss, Zijin goes on acquisition and debt binge
Zijin Mining Group Co. Ltd. has splashed more than $1.3 billion on projects at home and abroad since April 24. © AP
ZHAO XUAN, LUO GUOPING and LU YUTONG, Caixin
A dispute over mining rights in the Pacific island nation of Papua New Guinea (PNG) has seen one of China's biggest mining companies accelerate a spending spree that has left it saddled with debt and facing a potential downgrade by the three major ratings firms.