Investment Updates News
- Zhaojin to invest in Australia or Canada
Date: 14-Nov-2007 Sources: (Shenzhen Daily)
GOLD miner Zhaojin Mining Industry Co. was planning to invest in gold mines in Canada or Australia, it's chairman, Lu Dongshang, told reporters yesterday.
The company was in talks to invest in mining projects or potentially buy into gold mining companies in the two countries, he said but declined to identify them. It had no plans to invest in metals other than gold, unlike rival Zijin Mining Group Co. Ltd., which led a consortium to take over Peruvian copper miner Monterrico Metals Plc. this year.
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