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China Shouguan Mining, listed on the US OTC Bulletin Board, planned to buy gold mines in Australia, North America and Southeast Asia, company chairman Zhang Feize said. Shouguan is 40 per cent owned by mainland investors, with the rest held by international investors including some from Hong Kong.
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The group China's leading gold producer by output is looking to bid for three of Barrick Gold's (TSX, NYSE: ABX) mines in Western Australia.
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A gold price rally has some investors thinking it might finally be time to start looking at gold mining stocks. Gold prices are just off two-month highs, outperforming commodity and financial markets in 2016 as fears about China's stock market and its economy sent shock waves across global financial markets, hitting U.S. stock markets....Chat Now