Gold’s Steady Rise Attracts Chinese Money to Russian Miners
SputnikNews.com
05.09.2016
Chinese investors are seeking prospects for investment following the institution of the country’s latest five-year plan, Sergey Kashuba of Russia’s Union of Gold Producers told Russian newspaper Izvestiya.
Chinese investors are keen to invest in Russian gold production in expectation that the price of the precious metal will rise further, head of Russia’s Union of Gold Producers Sergey Kashuba told Russian newspaper Izvestiya.
Kashuba said that Russian producers are close to signing deals with several Chinese investors who visited the Eastern Economic Forum in Vladivostok last week.
“There is already one preliminary agreement about a deposit which has proven reserves of about 100 (metric) tons of gold,” Kashuba said.
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