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CHINA SEEKS FOREIGN INVESTORS IN GOLD MINING.
YANTAI, Shandong, July 1 Asia Pulse - China would welcome foreign investment in its gold production, according to an official with the State Economic and Trade Commission (SETC).
Cheng Fumin, head of a gold administrative bureau under the SETC, made the statement at the Sino-South Africa trade fair on gold production and technology held in Zhaoyuan City of east China's Shandong Province.
China formally lifted the ban on foreign investment in gold production in March this year.
China's gold production technology and management is backward compared with major gold production countries in the world, so it is eager to introduce advanced technologies and management expertise, Cheng said.
The country now has gold reserves of 4,000 tons, ...
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