China to Buy $344 Billion Worth of Gold? Then there is the central bank of China. Its official reserve reached a value of $3.44 trillion in the first quarter of 2013—similar to the size of Germany’s economy. China increased its reserve by $128 billion in the first quarter, making it the biggest increase in reserve since the second quarter of 2011. (Source: Financial Times, April 11, 2013.) My bet is that most of that reserve is in U.S. dollars, which China would desperately like to get rid of.With that said, China doesn’t have as much gold bullion to back its reserves as countries like the U.S., Germany, and France have. As a matter of fact, the Chinese central bank only holds 1.6% of its reserves in gold To bring its total gold bullion holdings to 10% of its reserves, the central bank of China would need to allocate about $344 billion of its reserves to buy gold bullion. r. (Source: Wall Street Journal, June 3, 2013.)

The office said the potential value of the mining resources in Tibet is more than 600 billion yuan.

The company said after completion, annual output will reach 50,000 tons of copper, 1.2 tons of gold and 50 tons of silver. At current prices, the yearly sales revenue of the company will reach 4.50 billion yuan with profits of 1.18 billion yuan.  The newly added mineral reserves will reach 2,000 billion yuan by 2015.

   CGG/

POLL RESULTS OF THE ANNUAL
AND SPECIALMEETING
HELD ON 18 JUNE 2013, VANCOUVER TIME
 
As more than 50% of votes
(including proxies)were casted in favour of each of
theResolutions,the Resolutionswereduly passed as ordinary resolutions of the Company !  

MUNDORO COMMENCES DRILL PROGRAM AT BORSKO JEZERO PROPERTY WITHIN THE TIMOK COMPLEX IN SERBIA ! ....mundoro c in CGG name asap..pls 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. ALL OF IT PLS...... CNG...THX