Financial Daily from THE HINDU group of publications
Thursday, Nov 11, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 11, 2004 |
|
|
|
|
|
Agri-Biz & Commodities
-
Gold & Silver Gold mining in China promising Our Bureau
Mumbai , Nov. 10 THE Chinese gold market is rapidly developing. While domestic gold production has peaked at 200 tonnes a year, demand is expected to reach 600 tonnes a year in the next decade. China has to step up exploitation of its own resources, with or without foreign capital and technology, or it may be obliged to import large quantities of bullion. The Chinese market has now been thrown open with floatation of major Chinese gold mines on both the Shanghai and Hong Kong stock exchanges. Even as the gold producing belts of North America and Australia, among others, are maturing, to replace the existing reserve base, new finds are required, according to GFMS Ltd. The London-based consultancy on precious metals has published a report `Gold Mining in China' which details the current status of the market, the growth prospects and China's efforts to step up indigenous gold production.
More Stories on : Gold & Silver
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|