Mundoro dissidents a smart move is to put Mundoro in CGG name without a permit in the next couple of weeks and some Monnis news to go on the Lime exchange ! Barrick Gold, which is the world’s largest gold producer, has confirmed it is in preliminary discussions with China National Gold (China Gold), a state-owned mine, which operates about 60 mines in China and focuses on non-ferrous metals including gold, silver, copper and molybdenum. Jiama also 5 million oz of gold and 250 million oz grade silver . If recover rates are only 50%, that is significant cash flow. Of course, on 2013 q1 resource count there at Jiama! ..........CNGHK will acquire 95% of the issued and outstanding shares of Mundoro Mining Inc. ("MMI"), the Company's wholly owned subsidiary, for a cash purchase price of CDN$13,800,000, with the Company retaining 5% of the issued and outstanding shares of MMI (the "Strategic Transaction"). MMI has an interest in the Maoling Gold Project ("Maoling") Demand for copper is surging in China. How that fact might affect prices of the metal is another story.
“Global demand is strong and it will be driven by Asia, notably China,” declared Kim Priestly, the Utah-based chief financial officer of copper for giant miner Rio Tinto Plc.
China is short of copper,” said Yang Yinghuai, general manager of metals at Cofco Futures Ltd., one of China’s top trading houses. “In the next three to five years this situation cannot be changed.”China's affluent population in 2020 will reach to 280 million As China looks to shift its export-dependent economy to a greater reliance on domestic consumption, one number is in its favor: 280 million.
That's the total number of affluent consumers China is expected to have by 2020 more than doubling the current total of 120 million -- according to a new study by consultancy Boston Consulting Group.The upper affluent -- those earning between $40,000 and $1 million per year -- will account for 40% of the 280 million, the BCG study said. (BCG puts people whose families have disposal incomes over $1 million per year in a separate category, high net-worth individuals.)