China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West.
Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.
Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs). This makes silver very difficult to find. To understand silver supply, we must first discover how economic silver deposits form.
Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.