“Acquisitions by China’s gold mining companies reached a record this year as the metal’s steepest quarterly drop in more than nine decades slashes mine values and sidelines Western competitors laden with debt. Takeovers and asset purchases by producers based in China and Hong Kong rose to a record $2.24 billion this year, beating last year’s record $1.96 billion, according to data compiled by Bloomberg. China’s government has urged national gold producers to boost development of overseas resources in neighboring countries and in Africa and Latin America, according to its 12th Five-Year Plan which ends in 2015.”
Related posts:
U.S. Is Often Unsure About Who Will Die In Drone Strikes
Obama gives 83% of export loan guarantees to Boeing
Kerry: Snowden's actions 'despicable'
Obama promises he won’t ‘scramble jets’ to get Snowden
Portugal Throws Open Europe’s Them-And-Us Austerity Divide
FBI objections to Nunes memo lack credibility given bureau's shady past
No proof that helmets prevent concussion: experts
Disabled cancer patient slammed to the ground by TSA, then jailed
Is cloud computing the next tech bubble?
Nigel Farage On The EU Winning A Nobel Peace Prize
Why Did Lavabit Founder Shut Down His Company?
Police raid on wrong address felt like home invasion
Bitcoin Boom Spreads to IPhones With Mobile-Payment Apps
McCain blames Obama for U.S. losing credibility in the Middle East
With Bullets Scarce, More Shooters Make Their Own