PBOC purchases gold

PUBLISHED : Thursday, 04 June, 1998, 12:00am
UPDATED : Thursday, 04 June, 1998, 12:00am

Australian precious metals technology group Geo2 said yesterday an initial 578 ounces of gold that poured from its joint-venture refinery project in northeastern Liaoning province had been sold to the People's Bank of China. The Australian firm holds a 51 per cent interest in HuluDao China Australian Gold Refinement, which owns the Shui Quang refinery.