{
 "resource": "capital_events",
 "feed_version": "0.1.0",
 "as_of": "2026-07-03",
 "quality_standard": "three-state; every event carries >=2 date-stamped sources verified in the 2026-07-02 network pass",
 "sample_note": "VERIFIED SAMPLE, NOT A CENSUS \u2014 first tranche. 12 events across 6 assets (Ngualla + Colluli completed chains; Zijin-Allied pending, affects Kurmuk + Sadiola; Huayou-Atlantic pending, Ewoyaa). Backfill continues toward the >=50-event roadmap bar; absence of an event here is not evidence of no event.",
 "coi_note": "COI screen applied per event; no DRC/Great Lakes assets in this tranche.",
 "counts": {
  "events": 12,
  "assets_covered": 6,
  "completed_chains": 2,
  "pending_chains": 2,
  "framework_events": 1
 },
 "events": [
  {
   "event_id": "CE-2026-001",
   "asset_id": "ngualla-ree",
   "date": "2022-02",
   "date_precision": "month",
   "event_type": "stake-change",
   "acquirer": {
    "name": "Shenghe Resources (via Shenghe Singapore)",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Appian",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 19.86,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": "initial equity stake; consideration reported in RMB (~179m yuan), USD value not restated here"
   },
   "sources": [
    {
     "doc": "SMM/metal.com analysis 'Shenghe's Accelerated Acquisition of Peak'",
     "date": "2025-09-26",
     "type": "tier-2"
    },
    {
     "doc": "Financial Alliance via moomoo (Shenghe announcement coverage)",
     "date": "2025-05-14",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Beginning of staged positioning in Ngualla; Shenghe also held binding offtake to 100% of Ngualla concentrate (Aug 2023 agreement)."
  },
  {
   "event_id": "CE-2026-002",
   "asset_id": "ngualla-ree",
   "date": "2025-05-14",
   "date_precision": "day",
   "event_type": "announcement",
   "acquirer": {
    "name": "Shenghe Resources (Ganzhou Chenguang subsidiary; later Shenghe Singapore)",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Peak Rare Earths shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 100.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": "A$158m initial consideration, raised to A$195m on 2025-09-04 amid rare-earth price rises; USD not restated"
   },
   "sources": [
    {
     "doc": "Mining Weekly 'Shenghe moves to acquire Peak Rare Earths in A$158m deal'",
     "date": "2025-05-15",
     "type": "tier-2"
    },
    {
     "doc": "Shenghe board approval coverage, Financial Alliance/moomoo",
     "date": "2025-05-14",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Scheme of arrangement; independent board recommendation; Peak held 84% of Ngualla, Tanzania government 16%."
  },
  {
   "event_id": "CE-2026-003",
   "asset_id": "ngualla-ree",
   "date": "2025-09-30",
   "date_precision": "day",
   "event_type": "completion",
   "acquirer": {
    "name": "Shenghe Resources",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Peak Rare Earths shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 100.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": "final consideration A$195m per 2025-09-04 revision"
   },
   "sources": [
    {
     "doc": "NAI500 'Court clears Shenghe takeover of Peak Rare Earths' (NSW Supreme Court approval; cash payments slated Sep 30)",
     "date": "2025-09-19",
     "type": "tier-2"
    },
    {
     "doc": "SMM/metal.com (shareholder + Tanzania FCC + court approvals 16-19 Sep; settlement Sep/Oct)",
     "date": "2025-09-26",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Deal effective on lodgement of court orders; ASX trading suspended; commissioning of Ngualla projected ~Q3 2027 by acquirer."
  },
  {
   "event_id": "CE-2026-004",
   "asset_id": "kurmuk",
   "date": "2026-01-26",
   "date_precision": "day",
   "event_type": "announcement",
   "acquirer": {
    "name": "Zijin Gold International (HKEX:2259)",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Allied Gold shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 100.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": 3920.0,
    "state": "Sourced",
    "basis": "C$5.5bn all-cash at C$44/share (~US$3.92bn at reported market cap conversion); corporate takeover of Allied Gold \u2014 asset-level event reflects portfolio effect"
   },
   "sources": [
    {
     "doc": "Allied Gold press release (GlobeNewswire), 'Allied Gold to be Acquired by Zijin Gold International'",
     "date": "2026-01-26",
     "type": "company-announcement"
    },
    {
     "doc": "Allied Gold Form 6-K, SEC EDGAR",
     "date": "2026-01-26",
     "type": "exchange-filing"
    },
    {
     "doc": "Zijin Mining Group release",
     "date": "2026-01-28",
     "type": "company-announcement"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Friendly definitive arrangement agreement; 27% premium to 30-day VWAP; C$220m break fee."
  },
  {
   "event_id": "CE-2026-005",
   "asset_id": "kurmuk",
   "date": "2026-03-31",
   "date_precision": "day",
   "event_type": "regulatory-approval",
   "acquirer": {
    "name": "Zijin Gold International",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Allied Gold shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": null,
    "state": "Absent"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": ""
   },
   "sources": [
    {
     "doc": "MINING.COM 'Allied Gold has shareholder OK for Zijin takeover'",
     "date": "2026-04-01",
     "type": "tier-2"
    },
    {
     "doc": "Allied Gold release via GlobeNewswire/StockTitan (recaps shareholder approval obtained 2026-03-31)",
     "date": "2026-05-29",
     "type": "company-announcement"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Shareholder approval milestone. Subsequent status (single primary source, 2026-05-29 release): Investment Canada Act, ECOWAS and COMESA clearances received; certain African host-country approvals pending; outside date extended to 2026-07-29. COMPLETION NOT YET EVIDENCED at feed date \u2014 re-verify after 2026-07-29."
  },
  {
   "event_id": "CE-2026-006",
   "asset_id": "sadiola",
   "date": "2026-01-26",
   "date_precision": "day",
   "event_type": "announcement",
   "acquirer": {
    "name": "Zijin Gold International (HKEX:2259)",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Allied Gold shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 100.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": 3920.0,
    "state": "Sourced",
    "basis": "C$5.5bn all-cash at C$44/share (~US$3.92bn at reported market cap conversion); corporate takeover of Allied Gold \u2014 asset-level event reflects portfolio effect"
   },
   "sources": [
    {
     "doc": "Allied Gold press release (GlobeNewswire), 'Allied Gold to be Acquired by Zijin Gold International'",
     "date": "2026-01-26",
     "type": "company-announcement"
    },
    {
     "doc": "Allied Gold Form 6-K, SEC EDGAR",
     "date": "2026-01-26",
     "type": "exchange-filing"
    },
    {
     "doc": "Zijin Mining Group release",
     "date": "2026-01-28",
     "type": "company-announcement"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Friendly definitive arrangement agreement; 27% premium to 30-day VWAP; C$220m break fee."
  },
  {
   "event_id": "CE-2026-007",
   "asset_id": "sadiola",
   "date": "2026-03-31",
   "date_precision": "day",
   "event_type": "regulatory-approval",
   "acquirer": {
    "name": "Zijin Gold International",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Allied Gold shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": null,
    "state": "Absent"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": ""
   },
   "sources": [
    {
     "doc": "MINING.COM 'Allied Gold has shareholder OK for Zijin takeover'",
     "date": "2026-04-01",
     "type": "tier-2"
    },
    {
     "doc": "Allied Gold release via GlobeNewswire/StockTitan (recaps shareholder approval obtained 2026-03-31)",
     "date": "2026-05-29",
     "type": "company-announcement"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Shareholder approval milestone. Subsequent status (single primary source, 2026-05-29 release): Investment Canada Act, ECOWAS and COMESA clearances received; certain African host-country approvals pending; outside date extended to 2026-07-29. COMPLETION NOT YET EVIDENCED at feed date \u2014 re-verify after 2026-07-29."
  },
  {
   "event_id": "CE-2026-008",
   "asset_id": "ewoyaa",
   "date": "2026-05-07",
   "date_precision": "day",
   "event_type": "announcement",
   "acquirer": {
    "name": "Zhejiang Huayou Cobalt",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Atlantic Lithium shareholders",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 100.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": 210.0,
    "state": "Sourced",
    "basis": "~US$210m all-cash scheme at US$0.25/share; final price adjusts for Ghana Revenue Authority capital gains taxes"
   },
   "sources": [
    {
     "doc": "Discovery Alert 'Huayou Cobalt's $210M Takeover of Atlantic Lithium Explained' (reporting the 7 May scheme announcement)",
     "date": "2026-05-08",
     "type": "tier-2"
    },
    {
     "doc": "Billionaires.Africa (deal terms, vote scheduled Nov 2026, completion target Dec 2026)",
     "date": "2026-05-18",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Scheme of arrangement; approvals pending: Ghana SEC, Australian FIRB, Chinese authorities, ECOWAS Regional Competition Authority, Australian Federal Court. Post-completion Huayou would indirectly hold ~87% of Ewoyaa (per Huayou announcement as reported). Ghana Parliament ratified the Ewoyaa Mining Lease March 2026."
  },
  {
   "event_id": "CE-2026-009",
   "asset_id": "ewoyaa",
   "date": "2026-05-11",
   "date_precision": "day",
   "event_type": "stake-change",
   "acquirer": {
    "name": "Zhejiang Huayou Cobalt",
    "control_sphere": "chinese-private",
    "state": "Sourced"
   },
   "seller": {
    "name": "Elevra Lithium",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 22.5,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": "consideration to mirror any scheme-consideration change within three months"
   },
   "sources": [
    {
     "doc": "Proactive Investors (Atlantic Lithium regulatory announcement coverage)",
     "date": "2026-05-11",
     "type": "tier-2"
    },
    {
     "doc": "NewsGhana / TipRanks company-announcement coverage of the same Atlantic Lithium filing",
     "date": "2026-05-11",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Atlantic consents to transfer of Elevra's 22.5% Ghana-portfolio interest (incl. offtake rights) to Huayou; independent of the scheme; Huayou to sole-fund remaining Ewoyaa development costs."
  },
  {
   "event_id": "CE-2026-010",
   "asset_id": "colluli-potash",
   "date": "2023-01-12",
   "date_precision": "day",
   "event_type": "announcement",
   "acquirer": {
    "name": "Sichuan Road and Bridge Group (SRBG, Shudao Investment Group \u2014 Sichuan provincial SOE)",
    "control_sphere": "chinese-soe",
    "state": "Sourced"
   },
   "seller": {
    "name": "Danakali Limited",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 50.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": 135.0,
    "state": "Sourced",
    "basis": "US$135m for the 50% CMSC stake plus US$31m CMSC shareholder loan owed to Danakali (mining-technology structure). Aggregate figures vary across coverage: ~US$121m net (MINING.COM, A$154.7m distribution basis) to US$166m (Radio Erena citing Danakali 12-Jan announcement incl. tax effects); variance disclosed rather than resolved."
   },
   "sources": [
    {
     "doc": "Radio Erena citing Danakali announcement of 12 Jan 2023 (via Agence Ecofin)",
     "date": "2023-01-13",
     "type": "tier-2"
    },
    {
     "doc": "Mining Technology 'Danakali divests stake in Colluli'",
     "date": "2023-04-03",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Colluli Mining Share Company was 50:50 Danakali/ENAMCO. Exit attributed in coverage to capital-raising difficulty for Eritrea-domiciled development."
  },
  {
   "event_id": "CE-2026-011",
   "asset_id": "colluli-potash",
   "date": "2023-03-31",
   "date_precision": "day",
   "event_type": "completion",
   "acquirer": {
    "name": "Sichuan Road and Bridge Group (Shudao)",
    "control_sphere": "chinese-soe",
    "state": "Sourced"
   },
   "seller": {
    "name": "Danakali Limited",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": 50.0,
    "state": "Sourced"
   },
   "consideration_usd_m": {
    "value": 105.0,
    "state": "Sourced",
    "basis": "first-tranche payment received at completion; second tranche US$16m due within six months"
   },
   "sources": [
    {
     "doc": "MINING.COM 'Danakali sells flagship Colluli potash project' (completion, first instalment US$105m)",
     "date": "2023-03-31",
     "type": "tier-2"
    },
    {
     "doc": "Mining Technology (completion structure and Shudao ownership)",
     "date": "2023-04-03",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Post-completion control: SRBG 50% + ENAMCO 50%. First chinese-SOE sphere entry in the ledger. No post-acquisition economics published in reviewed coverage; project economics remain Absent-grade on the platform."
  },
  {
   "event_id": "CE-2026-012",
   "asset_id": "kalana",
   "date": "2025-07-28",
   "date_precision": "day",
   "event_type": "stake-change",
   "acquirer": {
    "name": "State of Mali (2023 mining-code migration: state equity path 20% -> up to 35%, incl. 5% reserved for Malian private investors)",
    "control_sphere": "domestic",
    "state": "Sourced"
   },
   "seller": {
    "name": "Endeavour Mining (via Somika SA, 80%)",
    "state": "Sourced"
   },
   "stake_pct": {
    "value": null,
    "state": "Absent"
   },
   "consideration_usd_m": {
    "value": null,
    "state": "Absent",
    "basis": "MoU terms not disclosed"
   },
   "sources": [
    {
     "doc": "Mining Weekly 'Endeavour, two other gold producers sign on to Mali's new mining code' (state-TV MoU announcement, late Monday 28 Jul)",
     "date": "2025-07-29",
     "type": "tier-2"
    },
    {
     "doc": "Africanews (Somika MoU; Faboula Gold and Bagama Mining also migrating)",
     "date": "2025-07-30",
     "type": "tier-2"
    }
   ],
   "coi_screen": "pass",
   "confidence": "high",
   "notes": "Framework stake-change: migration to the 2023 code is the legal path for state equity to rise from 20% toward 35%. SUBSEQUENT STATE (2026-06, Ecofin exclusive + Endeavour 2025 annual report): Endeavour declares Kalana non-strategic and is seeking local partners to take it over; cumulative impairments US$133.1m (2024) + US$9.5m (2025). Divestment-intent is watchlist state, not yet a ledger event \u2014 no identified counterparty. Reported Barrick\u2013Endeavour Africa-assets talks (Reuters-sourced, both declined comment) are UNCONFIRMED and excluded from the ledger."
  }
 ]
}