黃金

China goes for the gold

From Cuban oil to Australian coal to Uzbek gas, hardly a week seems to go by without news of some sort of Chinese overseas resource deal being struck.

This being a new week, score keepers can add another deal to their list – South African gold.

On Monday, Gold One, an Australian gold miner whose main asset is in South Africa, announced that a consortium of Chinese investors – having already acquired a 17.7 per cent stake in the company in April – would become a majority shareholder of the business through the acquisition of a further 42-57 per cent stake.

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