China Gold Group, the country's largest gold producer, said Monday that it would speed up overseas takeovers to obtain resources abroad, an increasingly common move for Chinese mining companies.

China Gold will participate in overseas acquisitions, look for resources in Africa and establish cooperation with other companies worldwide, Song Xin, deputy general manager of the group, was quoted by as saying during the 2012 China Mining Conference and Exhibition held in Tianjin.

Song said China Gold is currently doing due diligence on a possible acquisition of African Barrick Gold These gold companies are examples of Chinese mining firms accelerating overseas investment, thanks to good investment opportunities created by capital shortages that have hit mining industries worldwide during the global financial crisis, said Yang Yihang, deputy director-general of the Investment Promotion Agency of the Ministry of Commerce......CNG PLS...Mondoro as a Target AND ..pls...and  it is not hard just go to 49% of CGG and some Monnis news pls!