BHP warns Australian mining not ready for low-cost competitors
The boom in demand from China’s industrialization is now “past the period of aggressive growth,” BHP’s Australia President said.
China’s gold output in the first three months of 2011 totalled 73.412 tonnes, up 4.63 pct from the same months of 2010, the Ministry of Industry and Information Technology said on Friday.
It said gold mining output was 60.262 tonnes, up 5.18 percent, while another 13.15 tonnes was obtained from smelting base metals, up 2.21 percent from a year earlier.
