China National Gold Group to Buy 74% of African Barrick Gold

BEIJING, Aug 21, 2012 (SinoCast Daily Business Beat via COMTEX) --

China National Gold Group Corporation, under the direct leadership of the central government, plans to buy a stake of 74 percent in African Barrick Gold for USD 3.9 billion Notably, under the wing of China National Gold Group China Gold International Resources Corp., Ltd. (TSX:CGG and SEHK: 2099). China Gold International Resources Corp. has been known as the platform for the group's overseas capital operation.