In November 2012, Huatailong entered into a contract with Henan Zhongyuan Gold Machinery Factory
(“Henan Zhongyuan”) to purchase Flotation Equipment (the “Flotation Equipment Contract”) for the
Company’s Jiama Gold Mine. The Company continues to expand the operations of its CSH Gold Project from current 30,000 tpd to
60,000 tpd in 2013 and continues to advance and expand operations at the Jiama Project from current
6,000 tpd to 40,000 tpd. The Company expects to complete an updated feasibility study and reserve
estimate for phase II development of the Jiama Project in 2013. According to its just-published White Paper of Chinese Mass Affluent Wealth, the Chinese "mass affluent," defined by the magazine as those who own investable assets worth between US$100,000 and US$1 million, were mainly born in 1960s and 1970s.
These people, also known as wealthy white collar workers, grew from 7.94 million in 2010 to 10.26 million in 2012, with their average investable assets pegged at 1.33 million yuan (US$211,750).
Their total assets accounted for 16.4% of the country's total private wealth.
In total, the 83.1 trillion yuan (US$13.2 trillion) in total assets of China's new common wealth, which represent a 13.7% growth from 2011, owe their rise to the country's rapid economic development in recent years.March 22 2013 3:09 PM
China's economy, which has experienced a declining rate of growth for three years, is accelerating and will surpass the United States as the world's largest economy by 2016, according to the Organization for Economic Cooperation and Development (OECD).he Paris-based organization of 34 global economies said Friday that China can average 8 percent growth during the current decade, after accounting for price differences. The forecast is contingent on Beijing's ability to continue implementing certain economic, financial and regulatory reforms.China's current GDP is officially $8.25 trillion, though it's estimated to be much greater when adjusted for purchasing parity, making $12.38 trillion more accurate
Russia seeks investors for 91 million ounces of in-situ gold
This year Russia plans to sell potential investors 86 prospective hardrock gold deposits with exploration potential in situ of about 91 million ounces of gold..
70 billion $ set aside to help CGG and CGG has a ton of cash in the Bank and PUT Maoling Gold Project in the Liaoning Province in CGG NAME!.and CNG shares would not be for-sale if they did that on the deal! ..CNG OWNS 39% OF CGG! For shareholders here !