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Home>GoldWire>Shandong Gold said to be top bidder for $2 billion Glencore mine

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Shandong Gold said to be top bidder for $2 billion Glencore mine

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Chris Powell

GATA

Published : September 28th, 2016

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FOLLOW : China Fixed Georgia Gold Gold Mine Kazakhstan Lead

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Category : GoldWire


	China's Shandong Gold Mining Co. has emerged as the lead bidder for Glencore's gold mine in Kazakhstan, which may fetch about $2 billion in a sale, according to people familiar with the matter. Shandong Gold, one of China's largest gold producers, outbid other parties, including Silk Road Fund, which had teamed up with state-owned China National Gold Group Corp., the people said, asking not to be identified as the information is private. Glencore is still weighing all options for the asset, including selling future production from the mine for a fixed amount, and may decide to retain it, the people said. ... ... For the remainder of the report: http://www.bloomberg.com/news/articles/2016-0...old-said-to-...

Data and Statistics for these countries : China | Georgia | Kazakhstan | All

Gold and Silver Prices for these countries : China | Georgia | Kazakhstan | All

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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