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  • July 10, 2014
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  1. Real Gold Mining to price shares at top end amid strong demand

    Posted Feb 14th 2009, 12:00am by Staff Reporter

    ... Tim LeeMaster and Wong Ka-chun Real Gold Mining was expected to price its shares at the top of the indicative range and raise HK$1.03 billion in its initial public offering after ... billion in October last year. Real Gold plans to acquire mines in Xinjiang province with some of the proceeds of the share offering. The rest will be used for exploration and capital expenditure, ...

  2. Business - Commodities - GOLD

    Low gold price spells lacklustre profit outlook for Zijin

    Posted Apr 11th 2014, 10:44am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Zijin Mining's key mine is yielding less as gold prices trend lower, adding pressure on the Fujian miner to maintain output with costly new projects Handed a double blow Zijin Mining, China's largest gold producer, is being hit by a lower gold prices and a decline in the gold content of ore at its mainstay mine. Analysts said that although ...

  3. Business - Economy - NORTH KOREAN ECONOMY

    Secretive and cash-starved North Korea quietly sells off gold: report

    Posted Sep 25th 2012, 10:16am by AFP

    ... million in China over the past year. “North Korea has been exporting not only gold ingots it had obtained from mines or stored in government agencies but gold trinkets it had collected from ... of a long-range missile. North Korea produces up to two tonnes of gold every year in mines, mostly in the northwestern provinces. The North is to convene its rubber-stamp parliament Tuesday in a rare ...

  4. Business - Commodities

    Bitten by the gold bug

    Posted May 10th 2013, 12:00am by Bloomberg

    ... Paulson, who had not made gold investments on that scale before, brought in experts to help him. Victor Flores, a senior mining analyst at HSBC, joined in November 2009. John Reade, a former mining ... Bloomberg John Paulson, who made billions in the 2007 US subprime mortgage crisis, is now losing huge sums after a wrong-way bet on the gold market Bitten by the gold bug On a conference ...

  5. News - World - SOUTH AFRICA

    South African police call off rescue effort after cave-in at illegal gold mine

    Posted Feb 17th 2014, 09:28pm by AFP

    ... Agence France-Presse in Johannesburg 11 Johannesburg miners brought to the surface but as many as 200 refuse help, fearing arrest Police call off rescue effort at illegal gold mine South African police have declared rescue operations at an illegal gold closed after 11 miners were brought to the surface. An unknown number of men, possibly as many as 200, remained underground, ...

  6. News - World - MINING

    Chinese gold miners face many obstacles to doing business in Ghana

    Posted May 18th 2014, 06:26am by Amy Nip

    ... for the precious metal Ghana gold losing lustre A pickup sped through dense layers of tropical vegetation in Obuasi, a gold-mining region two hours from Ghana's second-largest city, Kumasi. Suddenly ... they will shoot you down," said Chen, who moved to Ghana from Changsha, in Hunan province, in 2002. Chinese have become the targets of criminals because of the fortunes they make from gold mining, he ...

  7. Business - Banking & Finance

    Gold mine scams point to trouble ahead, analysts say

    Posted Feb 10th 2014, 04:31am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Gold mine scams point to trouble ahead, analysts say Retired Chinese diplomats and non-existent gold mines have been linked to fraudulent ... and ambassadors with fictitious mines and the allure of 6 per cent monthly returns. The term Ponzi scheme was notably applied to the mainland's entire wealth management trust industry by Xiao Gang, ...

  8. Business - Commodities

    MMG gold mine closure to cost firm US$21.6m

    Posted Jan 24th 2014, 02:19am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com MMG hit by Laos gold mine closure MMG, the Hong Kong-listed overseas mining unit of state-run China Minmetals- the nation's largest metals trader- will book US$21.6 million of costs related to the ending of production at its gold mine in Laos which could have a significant impact on its bottom line. The one-off cost, arising from MMG's cessation ...

  9. News - China

    Quest for gold in African mud

    Posted Jun 06th 2013, 12:00am by He Huifeng

    ... poured into Ghana since 2005. Su said Chinese miners had invested many billions of yuan, with each of the 2,000 gold mines they were operating costing 3 million yuan (HK$3.8 million). ... to Ghana's gold exports," Su said. "If each of the 2,000 gold mines operated by the Chinese produces 50 grams [1.76 ounces] of gold a day and works 20 days a month, that would be 24 million ...

  10. Comment - Blogs

    The Guangxi miners in Ghana gold rush

    Posted Jun 04th 2013, 05:11am by Anna Healy Fenton

    ... devastation is huge.” But the Chinese are too busy mining money to worry about that. In 2011, 30% of Ghana’s 3.6 million ounces of gold production came from small-scale mines, up from less than ... said in Brazzaville. Fine words indeed. One place he did not go was Ghana, in West Africa, where he could have seen Chinese and African co-operation in action. This is the scene of the gold ...




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