10 hours ago
China's State-Owned Miner Joins ‘Gold Rush' to Raise Capital
Chinese gold miners have been flocking to offshore capital markets to raise funds, fueled by the precious metal's bullish outlook as prices soar to record highs.
Chinese state-owned Shandong Gold Group is the latest miner looking to cash in on the rally in gold. It is currently seeking to raise as much as $600 million in loans, after having already issued two bonds totaling $400 million last month, Bloomberg News reported.
