Acquisitions by China's gold mining companies have reached a record this year

Gavin Wendt

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 Wendt

I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...

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