gold

From Gold Mine to Land Mine – The Chinese in Ghana

After the release of more than 160 Chinese nationals who were detained in Ghana for illegal gold mining, What’s on Weibo’s Manya Koetse identifies distorted expectations in Chinese–Ghanaian employment relations as an...

Ghana Begins Releasing Detained Gold Miners

Ghana has released 124 of the Chinese gold miners it arrested for immigration violations, according to the Chinese embassy, with immigration authorities promising to release the remaining 45 detainees on Monday. From Mimi Lau of...

Ghana’s Gold Sparks Conflict With China

As China seeks to solidify its influence in Africa, Africa’s Chinese diaspora has been under pressure. With tensions increasing in Africa, China’s Foreign Ministry is now claiming that Ghana has detained more than 90...

China’s Part in Afghanistan Mining Boom

A New York Times article on the rush for Afghanistan’s estimated trillion-dollar natural resources includes details of Chinese companies’ involvement. Already this summer, the China National Petroleum Corporation, in...

China’s Gold Rush Explained

David Pierson of The Los Angeles Times writes about the biggest driver behind China’s emergence as a major player in the global demand for gold, the Chinese consumer, which has turned to gold not only as an age-old status...

China Welcomes Golden Year of The Dragon

With news that mainland Chinese gold imports hit a record high in November, The Wall Street Journal reports that Chinese demand for gold has propped up global prices as consumers and investors alike stock up on the precious...

China’s Gold Imports Hit Record Highs

According to the Hong Kong government’s statistics on gold sales, gold imports to China have hit a record high due to investors looking to protect their wealth from the property slump and economic slowdown. The price of...

China Gets Gold Fever

China has surpassed India as the biggest market for investment-grade gold, based on newly released statistics for the first quarter of 2011. (Although India is still the world’s largest overall consumer of gold products.)...

Newly Rich Chinese Take A Shine To Gold

From AFP: Li Zhixin spent weeks planning his one-day family tour of Beijing’s historic sites, but instead found himself in one of the city’s shopping malls, watching his wife happily trying on gold necklaces....

China Pushes to Top as World’s Largest Gold Miners – Laura Mandaro

MarketWatch reports that China ranked the world’s largest gold producer last year, which pushes South Africa into second place: China produced 276 metric tons of gold last year, equal to about 9.7 million ounces, said London precious metals consultancy GFMS Ltd. in a report released Thursday. That’s up 12% from the year-ago and represented just […]

China Should Buy Gold With Reserves, Central Bank Adviser Says – Bloomberg

From Bloomberg News (link) China should use its foreign-currency reserves, the world’s largest, to buy gold and oil as a hedge to guard against the risk of a sudden drop in the U.S. dollar, said a member of the central bank’s advisory board. China has about 1 percent of its reserves in gold, compared with […]

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