| Chinese goldminers are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16 per cent since hitting a six-year low in December, the metal has still been trading close to levels last seen in 2010, in a range of roughly $US1220-$US1240 a troy ounce.
China is the world’s largest gold consumer and producer, but only a few Chinese companies, such as Zijin Mining Group, have ventured abroad to buy mines, unlike their counterparts in industrial metals...............................................Full Article: Source
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