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China gold firm eyes new overseas projects -paper

Tue Oct 20, 2009 10:23pm EDT

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SHANGHAI, Oct 21 (Reuters) - State-owned China National Gold Group Corp. is planning to step up its presence in central Asia, Russia and Africa to scout for new investment destinations, the China Daily reported on Wednesday.

The company was considering two new precious metals projects in these regions and expected to finalise the deals early next year, the newspaper said, citing Tong Junhu, overseas business manager of the company.

The official also said that the nation's largest gold producer and parent of Zhongjin Gold Corp Ltd (600489.SS) had achieved breakthroughs in Russia and Mongolia but declined to give details. (Reporting by Alfred Cang and Edmund Klamann; Editing by Chris Lewis)



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