Acquisitions by China's gold mining companies have reached a record this year
Acquisitions by China's gold mining companies have reached a record this year. Gold's steepest quarterly drop in more than nine decades has slashed mine values and sidelined Western rivals laden with debt. Takeovers and asset purchases by producers based in China and Hong Kong rose to record $2.24 billion this year, beating last year's record $1.96 billion, according to data compiled by Bloomberg.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).