Articles Tagged "china"

Second Chinese Bank May Join LBMA Gold Price

Mineweb reported that three new participants have been added to the LBMA Gold Price benchmarking process. One of those is the Bank of China, and rumor has it that another Chinese bank will also be approved for participation.

Frank Holmes US global investors gold price royalty companies klondex mines

Why Frank Holmes Loves Royalty Companies

At the Canadian Investor Conference in Vancouver this week, the Investing News Network had the chance to speak with Frank Holmes, CEO of US Global Investors. Holmes spoke about the gold price, the state of the market and what he looks for in a gold company.

China’s Zijin Mining Spending Big on Copper and Gold

Zijin Mining is the China's most valuable gold producer, and the company looks to be investing more and more in mining projects outside of the country. It's putting up US$412 million for 49.5 percent of Ivanhoe's Kamoa copper project in the DRC and is buying 50 percent of Barrick Gold's Porgera gold mine in Papua New Guinea for $298 million.

New Fund to Facilitate Central Bank Gold Buying

Xinhuanet reported that a gold sector fund was set up this past weekend during an investment and trade forum in Xi'an, China. The fund will be led by the Shanghai Gold Exchange (SGE) and is expected to raise US$16.1 billion over three phases.