China’s Zhaojin Mining eyes doubling of gold output via overseas M&A – executive

Reuters/Tom Daly and Shivani Singh/8-25-2019

Graphic image of gold pice and shovel“‘Our priority is Australia,’ Zhao told Reuters in an interview, adding that his firm was setting up an office in Perth. ‘We are looking for M&A opportunities in Australia, as well as in Canada but the problem in Canada is the political tension’ with China, he explained.”

USAGOLD note:  One wonders how much of that production will end up on the world market and how much within China’s borders as national reserves.

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