rose in Sydney trading after saying Eldorado Gold Corp.’s takeover bid won approval from the Australian Foreign Investment Review Board. FIRB has granted unconditional approval for Eldorado’s all- stock bid for the shares it doesn’t already own, Sino Gold said in a regulatory statement today. Sino shares surged as much as 37 Australian cents to A$6.92 today, and were up 1.7 percent, or 11 cents, to A$6.66 at the close of trading on the Australian stock exchange. Sino shares have risen 12 percent since it agreed in late August to the Canadian company’s bid. The Vancouver-based company runs the Tanjianshan mine in China, while Sino owns China’s second-largest gold mine and is starting construction of its third mine in the country. Eldorado, which bought a 19.8 percent stake in Sino in June, is purchasing the company to expand output. To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net.

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