Gold min­ing gi­ant tar­gets over­seas buys

China Daily (Canada) - - BUSINESS -

Shan­dong Gold Group Co, owner of China’s sec­ond-largest gold miner by mar­ket value, is seek­ing to ex­pand over­seas to feed ris­ing lo­cal de­mand fol­low­ing bul­lion’s best quar­ter in al­most three decades. The gold min­ing com­pany, based in Ji­nan, Shan­dong prov­ince, is tar­get­ing as­sets in coun­tries that have stable so­cial con­di­tions. The fo­cus is both across the Belt and Road Ini­tia­tive coun­tries and in North Amer­ica, ac­cord­ing to Gen­eral Man­ager Li Guo­hong.

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