Comments() 
Print 
Mail 
Large Medium Small
BEIJING - The China National Gold Group Corp (CNGGC) said Tuesday that it plans to pay 108.5 million yuan ($16.79 million) for a 51-percent stake in a Xinjiang-based gold company.
The deal will give the country's largest gold producer access to a gold mine in Toli county in northwest China's Xinjiang Uygur autonomous region, according to a statement filed to the Shanghai Stock Exchange.
The mine is estimated to contain over 9,600 kg of gold, the statement said.
The mine is worth 154.62 million yuan, the China United Assets Appraisal Group said in an assessment report.
Shares of the company slid 1.69 percent to close at 23.31 yuan during Tuesday's morning trading.
Domestic auto lineup looks overseas
Electric car industry in the slow lane
Brighter days for solar power
Market flat, Japan-brand sales plummet
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
