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  • October 25, 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 - China Business - ACQUISITIONS

    Zhaojin Mining hunts for overseas bargains as valuations fall 30pc

    Posted Oct 23rd 2014, 06:25am by Eric Ng

    ... for overseas bargains Zhaojin Mining Industry is in talks over potential overseas acquisitions as lower gold prices have brought down the value of international resources by more than 30 per cent ... said on the sidelines of the China Mining conference. Lu noted some overseas-listed gold miners' valuations have fallen more than 70 per cent from their peaks to "severely ...

  3. Business - Commodities - RESOURCES

    Zijin Mining not optimistic on gold and copper prices

    Posted Aug 18th 2014, 02:11pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Zijin aims to boost output as prices fall Zijin Mining, the mainland’s largest gold processor, will counter falling gold and base metal prices by boosting ... are depleting, although a layer of copper ore lies beneath the gold belt. “In the next few years, Zijinshan will undergo a transitory period towards copper mining, but the profitability of copper does ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. News - China - Anti-corruption

    Zhongjin Gold executive tarnished in graft investigation

    Posted Sep 19th 2014, 02:02pm

    ... reported that the corruption probe of Sun centres around the purchase of mines during his work at China Gold. There were a number of high-premium projects among the mines he acquired during ... Gold, a subsidiary of China National Gold Group, has been placed under investigation. General manager Wang Ronghu was taken away by prosecutors on Wednesday and would not be able to perform his ...

  8. 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 ...

  9. 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 ...

  10. News - World - GHANA

    Influx of illegal Chinese gold miners creates tension in Ghana

    Posted Apr 25th 2013, 12:00am by GDN

    ... mine gold rush Huang Renzhong's striped parasol stands out against the muddy cliff of excavated earth. The horizon is fringed with the tall trees of the Ghanaian rainforest, but for Huang, ... them, where they are mining a huge pit for gold. Two years ago Huang, 40, left his tea farm in Guangzhou to seek riches here in West Africa. Since then his work has been hot and arduous, ...




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