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#0183;#32;A Chinese statrun company is planning to buy a gold mine in the Canadian Arctic. The plans of a staterun company acquiring the area has sparked concerns for the Canadian government. Shandong Gold Mining Co.''s plans on buying the gold mines from a Canadian company as experts believe it shows how China is expanding its presence in strategically important region.
China buying Gold Mines Instead of Gold Bullion June 28, 2010 A top industry offical from the China Gold Association told The China daily back in February that the chinese purchase of IMF bullion would cause market speculation and volatility.
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China''s Zijin Mining has warned Papua New Guinea that its failure to renew the lease of a gold mine it jointly owns with Barrick Gold Corp there could damage bilateral relations.
This gold mine is owned by both Chinas Zijin Mining and PNGs Barrick Gold Corp. The message from China is clear: if the lease is not renewed, it could damage their bilateral relations moving forward. Last Friday, PNG stated that they will not be renewing the 20year mining lease at the Porgera gold mine.
Renowned hard rock and alluvial gold lease for sale. Located approximatley 500 k north of Perth and 50k south of Mt Magnet. 199hectares ( 491 acres), granted and native title cleared. Historic producing mines include the April Fool and Kirkalocka workings. Many shafts are un named. Mineralization extends for over 2 kilometers. Salt and read
China has added to its gold reserves in a desperate attempt to try to keep the dollar down, which also has an inverse trade problem as the yuan declines. At the end of January, Chinas gold holdings stood at ounces, which was up from a month earlier, according to figures released by the Peoples Bank of China.
#0183;#32;China''s huge Shandong Gold Mining Corporation is proposing to buy Canada''s TMAC resources mine in the Arctic. Currently under review by the federal government, the
TMAC Resources Inc., which owns the Hope Bay gold mine complex in western Nunavut, is poised to be bought up by a Chinese goldmining giant. The Shandong Gold Mining Co. Ltd., better known as SD Gold, is willing to pay million for the western Nunavut mine.
China''s Shandong Gold Mining has entered a ''definitive agreement'' to buy Canadian mining company TMAC Resources, which operates the Hope Bay mine in Nunavut.
It is the Chinese state buying this mine, not a for profit free market company.. Any Chinese international mining company, and basically any resource related company is state owned. China needs these raw materials, and they will go to any length to get them. Just search for Chinas influence in Africa when it comes to resource extraction.
#0183;#32;SINGAPORE/BEIJING, April 29 (Reuters) Chinas Zijin Mining has warned Papua New Guinea that its failure to renew the lease of a gold mine it jointly owns with Barrick Gold Corp there could damage bilateral relations. Papua New Guinea on Friday said it would not renew a 20year mining lease
#0183;#32;All nine of the biggest Chinese mining companies are included in the list of the 40 largest mining companies in the world. The stocks of these companies
SINGAPORE/BEIJING, April 29 (Reuters) Chinas Zijin Mining has warned Papua New Guinea that its failure to renew the lease of a gold mine it jointly owns with Barrick Gold Corp there could
China tops the rankings as the worlds largest producer of gold, with Chinese mine output totalling tonnes of gold during 2016. By 2020, the Chinese authorities aim to produce 500 tonnes of gold
By Vipal Monga . TORONTO The purchase of a gold mine in the Canadian Arctic by a staterun Chinese company is triggering alarms in Canada over China''s expanding presence in a region that is growing in strategic importance for its shipping lanes and resources.
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