Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Philip Klapwijk, an executive of Precious Metals Consultancy GFMS Ltd., said on November 8 that China’s gold demand will increase 1% to about 860 metric tons in 2012, which will ensure it is the largest gold consumer in the world instead of India.
Source (Chinese): Fx678 via BrightWire News.
