www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Domestic

China Gold looks overseas

By Meng Jing and Zhang Qi (China Daily)
Updated: 2010-11-18 10:37
Large Medium Small

China Gold looks overseas

A worker operates a drill in a gold mine in El Callao, Venezuela. China National Gold Group Corporation is looking for gold resources in Congo, Brazil, Russia, Venezuela and Mongolia. [Photo/Bloomberg] 

Country's largest producer targets Brazil, Russia, Venezuela, Mongolia

TIANJIN - China National Gold Group Corporation (CNGGC), the country's largest gold producer, will increase its annual capacity to 50 tons in five years, out of which 30 to 40 percent will be produced overseas, a company official said on Wednesday.

The company is looking for overseas resources and aims to expand its foreign output to 20 tons by the end of 2015, Du Haiqing, vice-president of CNGGC, told China Daily at a mining conference in Tianjin.

"We are looking for gold resources in Congo, Brazil, Russia, Venezuela, and Mongolia, and most of them are in the early stage of geological exploration," Du said.

He said the company is fairly cautious about overseas investment but is also "active and steady".

China Gold International Resources Corp, the overseas-listed arm of CNGGC formerly known as Jinshan Gold Mine, started the subscription for its IPO in Hong Kong on Wednesday, aiming to raise up to HK$2.4 billion ($309 million).

Proceeds from the offering will be used to boost production capacity, acquire overseas gold and nonferrous metal resources, and replenish working capital. As much as 30 percent of the offering will be used in overseas investment, the company said.

Du said the company's bullion output will reach a record 32 tons this year, up from 28 tons in 2009, to cash in on growing demand for the yellow metal in China.

With around 70 mines across China, the company produces 10 percent of the country's gold, and its deposits will reach 1,300 tons this year, up from 275 tons in 2006.

China Gold looks overseasShale gas lures oil majors
Related readings:
China Gold looks overseas Chinese govt mulls higher gold reserves
China Gold looks overseas China Gold International to raise $250-300m
China Gold looks overseas China Gold plans up to $311m HK IPO
Bullion investments have risen sharply in the past few months as the realty market turned bearish.

China, the biggest gold producer and third-largest gold consumer in the world, is expected to report higher output this year, Du said, adding that the country's gold output has already surpassed 320 tons this year.

The nation's gold output in 2009 increased 11.3 percent year on year to 313.9 tons, and accounted for 13 percent of global gold production.

Global demand for gold surged 12 percent year-on-year to 922 tons in the third quarter, driven by higher demand from India, China, Russia and Turkey, according to a report by the World Gold Council (WGC) released on Wednesday.

Total demand will be driven by Indian and Chinese consumption, as well as higher demand for gold jewelry in the key Indian market. Additionally, ongoing concerns over fiscal imbalances allied to currency tensions will continue to support investment demand for gold, the WGC said.

 

主站蜘蛛池模板: 国产欧美日韩成人 | 美女被男人桶到嗷嗷叫爽网站 | 真人一级一级特黄高清毛片 | 免费一级毛片在级播放 | 欧美成人精品欧美一级乱黄 | 久久成人a毛片免费观看网站 | 看真人视频一级毛片 | 中国成人免费视频 | 国产成人精品系列在线观看 | 欧美一线免费http | 手机看片日本 | 亚洲六月丁香六月婷婷蜜芽 | 久久.com| 2020国产精品 | 国产在线小视频 | 美女张开腿让男人桶的 视频 | 综合免费视频 | 国产欧美成人 | 在线一级片 | 三级中文字幕永久在线视频 | 久草国产在线 | 永久在线| 久久精品视频网站 | 91亚洲人成手机在线观看 | 久久99精品久久久久久秒播放器 | 在线欧美精品一区二区三区 | 亚洲国产日韩欧美一区二区三区 | 国内自拍第一页 | 色成人亚洲 | 亚洲综合久久综合激情久久 | 国产一区中文字幕在线观看 | 日韩欧美在线视频一区二区 | 国产成人久久一区二区三区 | 韩国美女一级片 | 2020久久国产最新免费观看 | 日本一级特黄特色大片免费视频 | 69性欧美| 久久久久久91 | 欧美一级大尺度毛片 | 国产成人免费观看在线视频 | 久青草国产在线 |