China Digs for Gold in Australia with takeover of Norton Goldfields

 

 

China Digs for Gold in Australia with takeover of Norton Goldfields

Zijin, China's largest gold producer, now holds more than 50% of Norton Golfdields' shares, as the Australian group attempts to revive mining operations in central Queensland and plans a new copper mine at Many Peaks, southwest of Gladstone. Four Norton directors, including Chairman Tim Prowse, have resigned and Zijin’s Chairman, Jinghe Chen, will chair the Norton Goldfields board.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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