xxx xxx
Zhaojin Mining Industry, a gold miner in Shandong province, plans to make two more acquisitions in the second half to capitalize on the growing demand and surging gold prices.
The gold miner plans to add 53 tons of gold resources to the 192 tons it owns through acquisitions in 2008, said chairman Lu Dongshang yesterday at a press conference. The company has made five acquisitions in the first half, acquiring 31 tons of gold resource.
It also added 18.9 tons of mined gold resources in these acquisitions, spending 1.03 billion yuan in total. Meanwhile, the company acquired 11 exploration rights and six mining rights, boosting the total areas to 1,444 sqkm and 54 sq km.
Zhaojin Mining Industry mining gold Shandong trends
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.