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Energy: Gold mine discovered
Updated: 2006-03-28 14:58
With a recoverable reserve over 200 tons, the Yanshan gold mine in Wen
county, northwest China's Gansu province under exploration will become the
largest gold mine in China. Situated in a "golden triangle" neighbouring
Sichuan, Gansu and Shaanxi provinces and traversed by No. 212 national highway,
Yangshan gold mine is conveniently located. With the continuous exploration
work, fresh discoveries have been made every year and the gold mine is expanding
rapidly. (People's Daily)
Domestic steel prices are likely to resume their fall in the second half of
2006 as growth in the country’s demand for the metal slows, said an official at
Baosteel, the world’s sixth-largest steelmaker. Jia Yanlin, managing director of
Baoshan Iron and Steel Co.’s raw material purchasing center, told industry
officials in Hong Kong last week a strong rebound in steel product prices since
February was unsustainable, due to the nation’s overcapacity.
(SD-Agencies)
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