Hunan Gold shares surge after large deposit found in China
The Geological Bureau of Hunan Province said on Thursday that it had detected more than 40 gold veins containing an estimated 300 tons of the precious metal.
China’s top five utilities have formally protested a government proposal to ban imports of low-grade coal that could jack up their costs, a move that could derail domestic miners’ efforts to boost demand for their coal.
The big utilities have only just begun to see their thermal power businesses turn profitable after haemorrhaging billions over the past five years due to soaring coal prices.
