China business news

Structured Settlements in Asia

administrator — Mon, 12 Mar 2012 21:27:43 +0000

Parties Who Purchase Structured Settlements There are a lot of companies and corporations that will purchase structured settlements not only in Canada and the United States wherein such payment scheme was initially introduced as well as employed, but also in China as well as other Asian countries around the globe wherein the practice of compensation [...]

“German gold reserves must remain untouchable,” Roesler says

Sun, 13 Nov 2011 08:33:35 +0000

Germany Economy Minister Philipp Roesler said on Monday the country’s gold reserves with the central bank cannot be touched, adding his voice to opposition to an idea reportedly discussed at the G20 summit of using reserves to boost euro zone bailout funds. “German gold reserves must remain untouchable,” Roesler, who is head of the Free [...]

Kazakhstan’s 3rd gold refinery will have capacity to produce 25/t of bullion per year

Sun, 13 Nov 2011 07:22:27 +0000

Kazakhstan plans to begin construction of a third gold refinery next year to process an expected increase in volumes of the precious metal, the country’s Industry Ministry said on Monday. State miner Tau-Ken Samruk will run the refinery, which will have capacity to produce 25 tonnes of bullion per year and could cost up to [...]

Archipelago Resources declares start of full gold production at Toka Tindung

Sun, 13 Nov 2011 06:29:14 +0000

Archipelago Resources (LON:AR.) today declared the start of full production at its 95 per cent owned Toka Tindung gold mine in Indonesia. The mine is now achieving the targeted 1.5 million tonne per annum production rate. This means that the mine is expected to produce at least 60,000 ounces of gold this year, it explained. [...]

“The gold prices currently are unreasonable”, Zijin Mining exec says

Sun, 13 Nov 2011 05:00:19 +0000

Current gold prices are too high to sustain, and high prices will also hamper investment abroad, an executive of China’s largest gold producer by output, Zijin Mining Group Co. , said Sunday. “The gold prices currently are unreasonable,” Lan Fusheng, vice chairman of Zijin Mining, said in an interview with Dow Jones Newswires. “Prices have [...]

Kazakhstan plans to begin construction of a third gold refinery next year

Tue, 08 Nov 2011 10:00:16 +0000

Gold prices rose VND600,000 per tael at the opening session of November 8

Tue, 08 Nov 2011 09:34:40 +0000

Gold prices in most jewellery shops in the country rose VND600,000 per tael at the opening session of November 8. Gold was listed VND45.9 million-VND46.2 million per tael at Bao Tinh Minh Chau Jewelry Company in Hanoi and at VND46.2 million-VND46.4 million by Sacombank Jewelry Company (SBJ) and Saigon Jewelry Company in Ho Chi Minh [...]

China Zijin says to buy gold and copper project for $227 mln

Tue, 08 Nov 2011 09:32:37 +0000

Chinese gold and copper miner Zijin Mining Group Co Ltd said on Tuesday that it would acquire 45 percent of Gold Eagle Mining Investment Ltd for 1.44 billion yuan ($226.7 million). Gold Eagle owns a 100 percent interest in Tibet Tian Yuan Minerals Exploration Limited, the owner of the Tibet Xietongmen gold and copper project. - Reuters

Operators running gold and silver investment schemes promise ponzi plans of 300% reutrns in two years

Tue, 08 Nov 2011 09:30:40 +0000

Recently, a Rajasthan-based company Abhinav Gold International splashed a halfpage advertisement in major regional Gujarati newspapers, promising investors the moon – if you make a one-time investment of Rs 6,000, you get Rs 1.72 lakh in two years. Abhinav Gold claimed to be a subsidiary of the Birla group and said it had been dealing [...]

Yukon-Nevada Gold Corp’s quarterly loss narrowed as it gained from warrants

Tue, 08 Nov 2011 09:00:57 +0000

Yukon-Nevada Gold Corp said its quarterly loss narrowed as it gained from warrants. The company, which recorded an $8.5 million gain in warrants recorded as derivative liabilities, narrowed its third-quarter net loss to $18 million from $103.8 million a year ago. The company — which owns silver, gold, zinc and copper assets in Canada’s Yukon [...]