Shares of CMOC Group $603993.SS surged on Tuesday following the announcement that the Chinese mining giant will acquire Canadian mining company Lumina Gold $LUM.V for approximately CAD 581 million (USD 420.7 million) in an all-cash deal. This strategic acquisition is set to enhance CMOC's portfolio significantly by granting access to Lumina Gold's flagship asset, the Cangrejos gold project, located in Ecuador.