-
Gold’s record rally ignites fundraising spree for China miners
A wave of Chinese gold miners are pushing to raise funds in Hong Kong, seeking to capitalise on rising investor interest in the metal during a record-setting rally that’s made it a standout commodity performer. This year, producers including Chifeng Jilong Gold Mining have sold shares in the financial hub to raise more than $700-million, according to data compiled by Bloomberg. The expected listing of a unit of Zijin Mining Group, China’s biggest gold miner, could raise more than $1-billion in the coming months, while a unit of Shandong Gold Mining could bring in more than $500-million, according people familiar ... (full story)