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Shandong to borrow $1.26B to buy half of Argentinian gold

Top Chinese gold producer Shandong Mining will have to arrange financing before unlocking its half of the Veladero mine in Argentina.The precious metals miner said today it is seeking up to $1.26 billion in loans to fund the acquisition of a 50% stake in Barrick Gold's operation.Reuters reports the loans are being sought from two Chinese state owned banks, with $960 million to be put towards

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Shandong Iraeta Grinding Ball

Sino Spanish joint venture, located in Shandong province, China. Tel +86 531 83801966. The annual output of high quality grinding ball is 200,000 tons. Now, more than 20 of the global top 500 enterprises purchase different kinds of forgings from Iraeta.

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Qingzhou Hengchuan Ore Machinery Co., Ltd, was established in 2002, a leading ore machinery manufacturer in China, covering an area of 20000 square meters, have 6 engineers, 20 technicians and 100 workers. Our main market is domestic, Africa and Southeast Asia, such as

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JINAN, April 7 (Xinhua) China's Shandong Gold Mining will pay 960 million U.S. dollars to Barrick Gold Corp. for a 50 percent stake in its Veladero gold mine in Argentina.The agreement was inked Thursday in Jinan, capital of Shandong Province in east China.This is the first cooperation between the two mining giants, according to a press release by Shandong Gold.The next step is that the two

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China to get rid of small gold mining companies . China's Ministry of Industry and Information Technology (MIIT) is drafting new standards for the gold industry which will raise the entry barriers and it will force companies with daily gold processing capacity of less than 50 tons to shut down.

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