Zijin Mining Makes No Progress in Philippine Projects
October 23rd, 2009
Filed under: General News
LONGYAN, Oct 21, 2009 (SinoCast Daily Business Beat via COMTEX) — ZIJMF | Quote | Chart | News | PowerRating — Zijin Mining Group Co., Ltd. (SEHK: 2899; SHSE: 601899) does not make any substantial progress in the Philippine mineral projects that it seeks to invest in, and the concrete investment will depend on the projects, disclosed Zhen Jinghe, chairman of the Chinese miner.
Previous reports said that Zijin Mining, one of the largest gold producers in China, would invest in gold and copper mines of the Philippines this year, involving USD 1 billion.
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