Mundoro Monnis news pls CNG CGG http://twitter.com/MiningFeeds/statuses/274535921804787712 Dar es Salaam. Barrick Corporation is in talks with a Chinese gold producer to sell part or its entire 74 per cent stake in the African Barrick Gold, whose gold mines are in Tanzania! ABG runs four gold producing mines, all located in the northwest of Tanzania and has several exploration projects at various stages of development. In 2011, ABG produced 688,278 ounzes of gold. The mines include Tulawaka, Bulyanhulu, North Mara, and Buzwagi.
China..The affluent will propel 40% of China's consumption growth and will comprise 35% of all consumer spending in 2020, up from 24% last year, according to BCG. Their spending will grow fivefold to $3.1 trillion in the next eight years.
China’s trade with Africa reached $166.3 billion in 2011,
according to Chinese statistics, and African exports to China – primarily
resources to fuel Chinese industries – rose to $93.2 billion from $5.6 billion
over the past decade. China in July offered African countries $20 billion in
loans over the next three years, double the amount pledged in the previous
three-year period. 2,500 ton net increase in gold demand” ... What he said in short was that we have a shortage of gold that is being covered up by the FED. .... Their need was in the level hundreds of ounces per week, thousands of ounces per year.