GREY:DRGDF - Post by User
Post by
nor_easteron Nov 09, 2011 12:47pm
281 Views
Post# 19222866
DGC - TWD Possible Target
DGC - TWD Possible Target
Link:https://www.zerohedge.com/news/are-chinese-buying-dips-gold
Xie said China Gold was also negotiating potential mine acquisitions in Canada and Mongolia, which are either in advanced development or close to starting production.
Mainland gold miners have been stepping up efforts to develop domestic mines and acquire resources overseas to meet surging demand. China is the world's largest gold producer.
JPMorgan commodities analyst Michael Jansen said retail bullion demand from China and India together amounted to 2,000 tonnes a year, about 85 per cent of the world's annual mined supply.