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Thursday, June 02, 2011 1:50:45 PM
http://www.asiaminingforum.com/eb/index7.html
According to the Ministry of Commerce, PRC, China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of $56.5 billion, actively investing in Gold, Iron Ore, Copper, Coal, Uranium and Nickel to fuel its economic boom. Chinese steelmakers are investing directly in overseas resources, as a hike in iron ore prices and constrained coking coal supplies threaten their bottom line. China will continue to strengthen its gold reserves by acquisition of overseas gold mines.
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