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Zijin Mining to Buy 20% Stake in Zhaojin Mining for USD560 Million; Firms Shares Surge

Zijin Mining to Buy 20% Stake in Zhaojin Mining for USD560 Million; Firms Shares Surge
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UPDATE 1-China s Q1 gold consumption jumps 93 9% y/y on robust demand - association

Output fell 9.92% y/y to 74.44 T First quarter demand reverted to pre-pandemic level (Adds details on spending, background on bullion) BEIJING, April 30 (Reuters) - China’s gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fuelled by strong demand for gold jewelleries and rising investment, the China Gold Association said on Friday. Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website. The rise came as spending for gold jewelleries picked up quickly during China’s Lunar New Year holidays and Valentine’s Day, said the association.

China s Q1 gold consumption jumps 93 9% y/y on robust demand - association

Publishing date: Apr 30, 2021  •  April 30, 2021  •  1 minute read  •  Article content BEIJING China’s gold consumption soared 93.9% in the first three months from the same quarter a year earlier, recovering to pre-pandemic levels fueled by strong demand for gold jewelleries and rising investment, the China Gold Association said on Friday. Consumption in China in the first quarter stood at 288.2 tonnes, compared with 148.63 tonnes a year ago, the association said in a statement on its website. We apologize, but this video has failed to load. Try refreshing your browser, or China s Q1 gold consumption jumps 93.9% y/y on robust demand - association Back to video

New members join World Gold Council

Aura Minerals, B2Gold, Sandstorm Gold Royalties and Zhaojin Group have joined the World Gold Council as members. Aura Minerals is a fast growth gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. Aura owns four operational projects and has four under study in its pipeline. “We are pleased to be joining the World Gold Council. I look forward to collaborating with Members to help us achieve our ambition to build a stronger, smarter, and sustainable mining company and industry,” said Rodrigo Barbosa, President & CEO of Aura Minerals B2Gold is a low cost international senior gold producer with three operating gold mines and numerous exploration and development projects in various countries including Mali, Colombia, Burkina Faso, Finland and Uzbekistan.

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