Golden time for miners on demand, high prices
By Gong Zhengzheng (China Daily)Updated: 2007-02-28 10:34
The gold council earlier predicted that consumer gold demand in China would reach 600 tons annually in coming years as a result of further opening of the domestic gold market.
Gold producers in China are benefiting from strong demand and bullish prices.
According to data from NDRC, the nation's gold mining sector reported 6.5 billion yuan in 2006 profits, surging 63 percent from the previous year.
(China Daily 02/28/2007 page15)
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