Allied Gold says its previously planned $5.5-billion sale to China’s Zijin Mining Group has collapsed. Instead, Zijin will proceed with a smaller investment in Allied Gold through a minority stake, according to the company’s updates reported by multiple outlets. The Globe and Mail reports Zijin will invest about US$295 million for a 9.2% stake in Allied Gold. The Financial Post reports a different figure, stating Zijin will invest $415 million in the Canadian miner rather than complete the full acquisition. The change means the transaction structure shifts away from the larger, previously announced purchase agreement toward an equity investment arrangement. Across the reports, the key point is that the full sale does not proceed, and Zijin’s involvement continues via a negotiated stake rather than acquiring the company outright. Further details on terms, timing, and the reasons for the breakdown of the sale are not provided in the excerpts.