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  • September 17, 2014
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  1. 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 ...

  2. Business - Commodities - MINING

    G-Resources not using derivatives to hedge gold price: CEO Peter Albert

    Posted Apr 06th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Metal's price down 14 per cent since October but no need to protect against further falls: CEO G-Resources shuns derivatives for hedging gold G-Resources Group, the Hong Kong-listed company that owns a gold mine in Indonesia, is confident the price of gold will continue to increase despite recent falls, and it has not entered into derivative ...

  3. Business - Commodities - MINING

    New Afghan mining law lacks transparency, say experts

    Posted Aug 23rd 2014, 01:06am by LYNNE O'DONNELL

    ... copper and gold in various parts of the country, industry sources said. Two flagship deals, however, with China and India are unlikely to yield revenues any time soon, the sources said. ... on US$1 trillion worth of mineral assets, including gold, copper, iron ore, silver, a variety of minor metals and gems. It also has petrochemicals worth around US$2 trillion. Resources revenues ...

  4. Business - Commodities - MINING

    Low costs help cushion Chinese gold producers

    Posted Apr 19th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Low costs help cushion mainland gold producers Gold prices might have further to fall but Hong Kong-listed gold miners could escape the closures of some overseas counterparts thanks to low production costs, analysts said. About 15 per cent of the world's gold miners became unprofitable after the metal's price fell to levels close to the global average ...

  5. News - China - MINING

    Ghana deports 38 Chinese arrested for gold mining

    Posted Sep 30th 2012, 02:21pm by Associated Press in Beijing

    ... Associated Press in Beijing China says 38 of its citizens have been arrested and deported after being caught allegedly mining gold illegally in the west African country of Ghana. A statement seen on Sunday on the website of the Chinese embassy in Ghana says 40 Chinese citizens were recently detained in Obuasi district in southern Ghana. It says investigations by security ...

  6. News - China - MINING

    Ghana frees all 169 gold miners rounded up in crackdown

    Posted Jun 14th 2013, 12:00am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com All 169 held for illegal operations have now been released and will return in batches Ghana frees gold miners targeted in crackdown Ghana has released all 169 gold miners detained by its immigration authorities in a crackdown on illegal mining, the Ministry of Foreign Affairs said in Beijing. They would return in several batches with assistance from ...

  7. News - China - MINING

    Chinese gold miners flee Ghana amid crackdown and reports of abuse

    Posted Jun 23rd 2013, 03:10pm by AFP

    ... Agence France-Presse in Dunkwa-on-Offin, Ghana When he saw the trucks full of police and soldiers rumbling across the muddy field where he mines gold, Emmanuel Quainn ran. But they weren’t coming for him. They came for his Chinese counterparts, who had turned up about a year ago to dig into the earth around the central Ghana town of Dunkwa-on-Offin in search of gold. The business ...

  8. Business - Commodities - MINING

    China Gold ramps up production on the mainland

    Posted Jan 22nd 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Miner on lookout for acquisitions as it targets sevenfold increase in Tibet copper production China Gold ramps up production on the mainland China Gold International Resources, the overseas-listed flagship of the nation's largest gold producer China National Gold Group, plans to spend C$705.11 million (HK$5.51 billion) to expand the output of its ...

  9. Business - Commodities - MINING

    Gold miners let down by size and equipment

    Posted Nov 12th 2012, 12:00am by Eric Ng

    ... Many operators do not have the machinery and efficiency and they rely on cheap labour, which is not sustainable, say mainland producers China has been the world's largest gold ... Kong-listed Zhaojin Mining Industry, said China's top 10 gold miners produced 184 tonnes of bullion last year, based on China Gold Association's figures. On the other hand, the world's ...

  10. Business - Companies - MINING

    China’s Zhongrun takes 42pc stake in Australian gold miner Noble

    Posted Sep 27th 2012, 10:13am

    ... Chinese firm Zhongrun Resources Investment Corp has agreed to buy a 42 percent stake in Noble Mineral Resources Ltd for A$85 million (US$88 million), sending shares of the Australian gold ... in gold miners. Demand in China for bullion has jumped, with gold sought for jewellery and as an inflation hedge. Noble Mineral said it planned to use the A$85 million raised to speed up ...




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