男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Companies

CNGGC sees heart of gold in Africa

By Yu Xiao (China Daily)
Updated: 2011-05-31 10:16
Large Medium Small

CNGGC sees heart of gold in Africa

An outlet of China National Gold Group Corp in Shanghai. Gold jumped to a record $1,577.57 an ounce this month, helping make this year one of the busiest for gold deals since 2006.?[Photo/China Daily]

BEIJING - China National Gold Group Corp, the State-owned company that controls the nation's largest gold deposits, wants to invest in projects in Africa as it expects bullion to trade near record levels for the next three years.

"We aim at large-scale mines with good potential in countries that have close ties with China and domestic stability," President Sun Zhaoxue, said in an interview in Shanghai. "Gold prices will foreseeably fluctuate at historically high levels for another three years."

Gold jumped to a record $1,577.57 an ounce this month, helping make this year one of the busiest for gold deals since 2006. Citic Group, China's biggest State-owned investment company, and partners agreed this month to buy Gold One International Ltd for about A$444 million ($469 million) to gain assets in South Africa.

The value of announced gold deals so far this year stands at $16.8 billion, more than the totals for the entire year in 2009 and 2008, according to data compiled by Bloomberg.

China National, owner of the Yangshan deposit in Gansu province, may also invest in Southeast Asia and Central Asia, Sun said. It currently doesn't operate any mines outside China.

The company is also reviving previously uneconomical mines in China's western provinces as record prices make it profitable to work them, Sun said, adding that it's also increasingly exploiting lower grade deposits near existing mines because of higher prices.

China National Gold had a pretax profit of 3.2 billion yuan ($494 million) last year, after boosting reserves to 1,300 tons at the end of 2010, the company said on Jan 9. Production was 32 tons in 2010.

Related readings:
CNGGC sees heart of gold in Africa China's demand for gold to keep rising
CNGGC sees heart of gold in Africa HSBC expects glitter in gold market
CNGGC sees heart of gold in Africa China's gold output up 4.63% year-on-year in Q1
CNGGC sees heart of gold in Africa Copper demand set to grow

The extra production may boost China's output to 400 tons in three years, Sun said on May 27.

China National Gold is also diversifying into copper and molybdenum production. Copper concentrate output will reach 80,000 tons next year and 100,000 tons in 2013, Sun said.

Jiangxi Copper Co, China's biggest copper miner, produces about 200,000 tons of concentrate a year.

Bloomberg News

分享按鈕
主站蜘蛛池模板: 蓬安县| 康平县| 洪泽县| 当雄县| 曲松县| 喀喇沁旗| 成都市| 金湖县| 英山县| 巍山| 轮台县| 秦皇岛市| 铁岭县| 德保县| 图木舒克市| 渝北区| 江华| 根河市| 和田市| 冀州市| 宣城市| 苗栗市| 马边| 德令哈市| 满洲里市| 乐亭县| 车险| 泊头市| 南江县| 五指山市| 汉寿县| 嘉鱼县| 盖州市| 兰坪| 广州市| 米林县| 三原县| 安丘市| 连云港市| 陈巴尔虎旗| 黑山县|