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Gold Gold futures broke above the psychologically key level of USD1,000 an ounce Thursday (3/13), propelled by ongoing dollar weakness and bleak news from the financial sector. Early Thursday, gold for April delivery soared to a record high of USD1,001.50 an ounce on the New York Mercantile Exchange. This was the first time that gold surpassed USD1,000 an ounce.
Gold, Platinum Hit Record Highs 3/04 SB120455064859607543 金價直迫每安士一千美元：美國經濟數據及美元持續疲弱，金價連日創新高，紐約期金昨日曾高見每安士992美元，收報984.2美元，升9.2美元。美國期油再創新高，高見103.41美元的歷史高位，升1.57美元。
Commodity Prices Surge, As Investors Seek a Haven 2/29 SB120424991252301815 Gold and crude-oil futures touched all-time highs on economic worries and dollar weakness, but only gold managed to retain its sparkle. 2/28 SB120411462127196599
Fears Push Platinum Higher 2/14 SB120291616146365551 白金價格升勢延續，上升近 3%，創出每安士 2050美元的新高。
![[chart]](http://s.wsj.net/public/resources/images/P1-AK674_COMMOD_20080228230645.gif)
China Became World's Largest Gold Producer In 2007: China has ended more than a century of South African dominance of the gold mining industry to become the world's biggest producer of the ore. Chinese gold output jumped to a record high of 276 tons last year, a 12% increase over 2006, while South Africa produced 272 tons, according to the London-based precious metal consultancy GFMS. China is already the world's biggest producer of aluminum, zinc and lead; the second largest of tin; and among the top 10 in copper, nickel and silver.
Gold futures rose for a fifth session on Monday (1/14) and closed above USD900 for the first time as the dollar fell against a basket of other major currencies, increasing attraction of the precious metal as an investment alternative. Gold futures for February delivery ended up USD5.7, or 0.6%, at USD903.4 an ounce on the New York Mercantile Exchange. It surged to an all-time high of USD915.9 an ounce earlier in electronic trading. Gold topped USD900 an ounce on Friday (1/11) for the first time. Turmoil sends gold surging 1/15 SB120033672501589001 Gold, Breaking USD900, Benefits From Tension 1/15 SB120032416382488517
面對外圍金價屢創新高，今日1/09在上海開始買賣的黃金期貨一開市，八月份期貨合約每克230.99人民幣，升幅一成至停板。至於交易最活躍月份是六月份合約，每克229元升幅9.1%。上海期貨交易所推出的黃金期貨買賣先推出今年六月份至十二月份六種期貨合約，基準價每克209.99人民幣，折合每安士897美元。上升或下跌一成就停板。
Investors Rush to Gold 1/31 SB120174306415930617
How to Survive the New Gold Rush 1/29 SB120156082315723535
The World Melts for Gold: New ways to invest in gold are popping up in developing countries from China to the Middle East. The trend already has fueled volatility and soaring prices and could magnify the appeal of gold as a hedge against global recession. 1/19 SB120069299587601337 Gold fever strikes new investors 1/21 SB120087585434904013
1/15 SB120032416382488517 Gold crept toward USD900 per troy oz, helped by bullish crop reports. 1/12 SB120006303538583875
Suddenly USD900-an-ounce gold isn't that far away. 1/09 SB119980738725574957
Gold prices surge on oil cost, fears about inflation 1/09 SB119982940568575595
ETFs Stoke Investors' Gold Fever SB119949017783168719
Crude, Gold Soar; Stocks Off Sharply On Economy Fears SB119933185665564423
Today's Market 1/02 SB119927755074662091
Oil and Gold Continue to Party SB119927979868462111
Shanghai Futures Exchange said Saturday (2007/12/29) on its Web site it will launch trading in gold futures on Jan. 9. The exchange said in a statement that one lot is equivalent to 1,000 grams. Shanghai Futures Exchange, one of China's three commodities futures exchanges, now trades copper, aluminum, zinc, natural rubber, and fuel oil futures. Shanghai Gold Exchange currently trades spot gold and spot-deferred gold.
上海期貨交易所公布，黃金期貨合約明年一月九日起掛牌交易，交易單位每手一千克。上期所較早前諮詢意見的交易單位為每手三百克。負責人表示，不想鼓勵風險承受能力不足的投資者參加，但希望方便機構投資者參與，所以將交易單位定於每手一千克，認為做法亦有助於國內外市場接軌。
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China Shares End Up Led By Gold, Property, Metals Firms
DOW JONES NEWSWIRES
January 4, 2008 2:42 a.m. EST
SHANGHAI (Dow Jones)--Gold companies gained on expectations of rising inflation and property developers and nonferrous metal makers benefitted from bargain hunting, leading China shares higher Friday (1/04). The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 0.8% at 5361.57. The Shenzhen Composite Index rose 0.9% to 1508.64. Analysts said they expect the Shanghai index to test psychological resistance at 5400 Monday.
"It seems that investors have warmed up to the idea of buying stocks again, especially sectors that had recently undergone sharp corrections," said Essence Securities analyst Zhu Haibin.
Gold miners gained sharply Friday, boosted by expectations that inflation will continue to be robust in 2008, and by the launch of gold futures trading on the Shanghai Futures Exchange on Jan. 9.
Many investors view gold as a safe investment during times of high inflation. The research bureau of the central bank estimated last month that China's consumer price index, the country's key inflation gauge, will rise 5.9% in the January-June period, compared with an estimated4.7% increase for all of last year.
Zhongjin Gold hit the 10% upside limit at CNY138.14 and Shandong Gold-Mining also rose 10% to CNY210.76. Property developers and nonferrous metal makers rose on bargain hunting.
"Gold is rising for concrete reasons, but the same can't be said the property and metals sectors. Both rose not because of a change in fundamentals but because the sectors had recently suffered a correction," said Guosen Securities analyst Wang Junqing.
Poly Real Estate Group gained 6% to CNY68.36 after having dropped 21% since mid-December, and Jiangxi Copper rose 8.2% to CNY55.59 after having lost 16% over the same period. PetroChina extended gains on rising oil prices, closing up 0.7% at CNY31.31.
Light, sweet crude on the New York Mercantile Exchange broke through USD100 a barrel earlier this week, and is more than 50% higher than at the start of 2007.
But analysts said they don't expect PetroChina to rise further. "Assuming that oil averages at USD95 this year, my estimation is that this will bring only a CNY0.10-CNY0.20 increase in earnings per share for PetroChina. Any increase is good news, of course, but it's not a huge increase," said Wang Jing, an oil analyst at Orient Securities.
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More about METALS & MINING and Gold:
On Friday 25 April, Zijin Mining Group had an eventful debut on the Shanghai stock market. After a weaker-than-expected performance in the morning, it soared to RMB22.00 in the afternoon, more than triple its initial public offering price of RMB7.13, when it was suspended from trading for half an hour because of "abnormal trading," the Shanghai exchange said in a statement. Trading in the shares resumed just minutes before the close, and Zijin ended at RMB13.92, up 95%. Shanghai Stock Exchange officials declined to say whether Zijin's share movement would be investigated. Today (4/28) Zijin hit the 10% downside trading limit when it tumbled to RMB12.53. Zijin raised RMB9.98 billion from selling 1.4 billion A shares at the top of an indicative price range.
紫金礦業A股上市第二日，回吐一成跌停板，收12.53元人民幣，但仍較招股價高七成半。
紫金礦業(02899.HK)內地A股(601899.SH)首日滬市掛牌開市報9.98元人民幣較招股價7.13元高出約四成。
Chinese gold-and-copper producer Zijin Mining Group Co. said it raised 9.98 billion yuan (USD1.43 billion) in an initial public offering of A shares (4/25), after pricing the shares at 7.13 yuan each, the top end of the indicative range. Zijin said the IPO pricing translated to 40.69 times 2007 earnings, based on its enlarged share capital. The company sold 1.4 billion new shares, with 25% allocated to institutional investors and 75% to retail investors. Zijin has said it will use 4.92 billion yuan of the IPO proceeds to finance gold-and-copper exploration in domestic and overseas markets, and the remainder to supplement its working capital. SB120872915522829557
Alcoa Invests Near Planned Mines 3/24 SB120631154713558085
BHP kicked off production of medals for the Beijing Olympics with the donation of gold and silver, hoping that its sponsorship will help reduce anxiety over rising iron-ore prices and a megamerger. 1/16 SB120042632603192057
China Sec Regulator OKs Zijin Mining A-Share IPO Plan: China's securities regulator said late Wednesday (12/26) it approved Zijin Mining Group Co.'s (2899.HK) planned initial public offering of A shares. Zijin Mining Group Co., Ltd. (2899.HK), a copper and gold miner, intends to sell up to 1.5 billion new yuan-denominated A shares in its IPO, according to a draft prospectus posted on the securities regulator's Web site last week. The company, which already has shares listed on the Hong Kong stock exchange, didn't give the timetable or fundraising target for its Shanghai listing. In its prospectus, Zijin Mining listed eight planned investments, which will need a total of CNY4.92 billion. The projects include exploration for gold and copper mines in China and the construction a gold refinery. The company said it plans to finance these projects with the IPO proceeds.
Zijin Mining Group Co., Ltd. (2899.HK) 紫金矿业集团股份有限公司
1 Zijin Road, Shanghang county, Fujian
Formerly known as Fujian Zijin Mining Industry Company Limited. The Group's principal activities are the development and exploration of mining resources, particularly gold mines. Other activities include geological studies and provision of mining technique consultancy. The Group mainly operates in China.
Greening China Delays Polluters' IPOs 2008/2/26 SB120396371965190911
Zijin Mining plans offer to fund growth program 2007/12/24 SB119844457927047473
How to Market-Time China 2007/12/10 SB119723317850918664
West's Mining Deals Put China in a Bind 2007/11/12 SB119481266905289312
Zijin-Led Group Will Acquire Miner 2007/2/06 SB117070274513698532
Tibetan Copper Lures China 2006/12/06 SB116534881620341366
Zijin to Boost Gold Output 2006/3/31 SB114374834125412597
Shandong Zhaojin Mining plans HK IPO 2006/3/22 SB114296430492404260
Lingbao Gold Soars in Debut 2006/1/13 SB113712165969045730
Fujian Zijin Has Glittery Debut 2003/12/23 SB10722052338051000
China-Related IPOs Meet Demand 2003/12/08 SB10708250317664700
Chinese Tulips 2003/12/08 barrons.com/article/SB107066855087697800.html
Zhaojin Mining Industry Co., Ltd. (1818.HK) 招金矿业股份有限公司 山东招金集团有限公司
Zhaoyuan, Shandong 山东省招远市
The Group's principal activities are gold mining and smelting and processing of gold products. Other activities include exploration of mineral reserves. Operations of the Group are carried out in the People's Republic of China.
Zhongjin Gold Corp is the listed arm of China National Gold Group (China Gold), which controls more than 30% of China's gold reserves and produces 20% of its annual output.
中国黄金集团公司
2003年8月14日中金黄金股份有限公司在上海证券交易所挂牌上市，是国内第一家上市的黄金企业，被誉为“中国黄金第一股”。
Although China's demand for resources is driving mineral exploration around the globe, foreign companies remain wary of mining there because of a hazy regulatory environment that casts doubt on miners' ability to exploit the deposits they discover. 2006/12/04 SB116519129953239510
Mundoro Mining Inc. (TSX: MUN) 曼德罗矿业 辽宁盖县猫岭金矿
MUNDORO MINING Inc. (Vancouver, Canada) -- Alan Riles has been named (2006/2) chief operating officer of this mining company focused on exploration and development in Liaoning Province, China. He is the company's first operating chief. Mr. Riles most recently served as chief operating officer for Inco Ltd.'s Goro Nickel development project in New Caledonia.
Eldorado Gold Corp. (EGO, TSX: ELD) agreed to acquire (2005) Afcan Mining Corp., a gold producer that owns an 85% interest in Tanjianshan Gold Project in Qinghai Province. 滩涧山 大柴旦
大柴旦矿业公司是在原青海省大柴旦金龙矿业开发有限责任公司的基础上引进外资，由大柴旦金矿、青海省第一地质队矿产勘查大队、加拿大阿富勘矿业公司拥有的TJS有限公司于1999年组建的中外合作企业，拥有341平方公里的地勘区域。该公司成立后，2000年度外商对金龙沟主矿体进行了2000米地质储量的验证钻探施工，初步获得了16.7吨的储量结果。
可研报告于2002年12月经青海省发改委批准，计划投资2.4亿元人民币建设日处理矿石1.5万吨，年产6万盎司黄金的矿山一座。今年将在金龙沟建成年处理80万吨金矿石、年产黄金10万盎司规模的生产线一条。截至2004年底，累计完成投资6866万元，完成前期勘探14194.50米，累计发送11041个化探样至澳大利亚滩涧山项目选冶试验并取得很大突破，工艺流程进一步简化，矿山建设规划基本完成。2005年计划5月份开工建设，10月份完成供水、供暖及大部分厂房工程建设，为冬季室内设备安装创造条件。2006年第二季度生产出第一批合质金。
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