A Hong Kong-listed gold producer, Zhaojin Mining Industry Co, has announced its plans to spend 500 million yuan that is $73.09 million on acquisition of mining assets this year to boost its reserves, down from last year’s 780 million yuan. For full story, click here
One of the PRC’s top gold production enterprises, Zhaojin Mining Industry Company Limited unveiled its annual results for the year ended 31 December 2008. Mr. Lu Dongshang, Chairman of Zhaojin Mining Industry Company Limited, said: Under the prevailing financial turmoil initiated by the subprime mortgage crisis of the States, the mining industry has entered recession [...]
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