Shaanxi Province will set up a company named Shaanxi Gold Group Ltd in a bid to boost the gold industry in the province, which is rich in the metal.As an important gold production base in China, Shaanxi has proven gold reserves of over 300 tons, the fifth largest among all provinces across the country. Gold output...
BEIJING --China's industry officials have suggested that Beijing cut consumption taxes on gold, diamonds, tobacco and alcohol products to boost local consumption, state radio reported Tuesday. Local government officials and industry officials raised t...
Gold is great for talk shows, but the tides are changing and export industries will continue to benefit, especially commercial aerospace.
* Raises resource estimate at Lihir Island mine by 31 pct * Cash costs per ounce seen well below industry average (Adds details) MELBOURNE, Aug 26 - Lihir Gold Ltd <LGL.AX> on Wednesday said its...
China's gold output hit 146.51 tons in the first half of this year, an increase of 17.42 tons or 13.5% from the same period of last year, according to statistics released by the Ministry of Industry and Information Technology on Wednesday.In the first six months, gold mines in the country produced 119.78 tons of gold,...
* Gold producers raise wage hike offer to 9-10.5 percent * Gold wage talks to resume on July 28 * Broader industrial action raising pressure on Zuma * Coal employers raise wage offer to 9-11...
Sino Gold Mining Ltd<1862>, the largest overseas investor in China's gold industry, is expected to book a net profit in the first half thanks to a 35% growth in production at its White Mountain mine in Jilin province, the Standard reported, citing a senior official of the company as saying. The Australia-based company...
* Industry group head sees China 2009 gold output up 2.8 pct * Says gold's share in FX reserves should rise to 3 pct * Analysts see China worried about value of dollar reserves (Adds...
* Flu outbreak sparks raw materials sell-off * Oil, base metals and grains down as flu fear spreads * Gold retreats from 4-week high; investors wary on risk * Steel industry braces for big decline...
The Shanghai Futures Exchange (SHFE) recently agreed to grant direct access to the gold futures business to four Chinese banks, namely the Industrial and Commercial Bank of China (ICBC)<601398><1398>, Bank of Communications Co Ltd (BoComm)<601328><3328>, China Minsheng...