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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