with revenue surpassing 25 billion yuan.

Shale gas lures oil majors Related readings:
 China Gold looks overseas
 Chinese govt mulls higher gold reserves
 China Gold to raise $220-280m in HK IPO
 Experts say no end in sight for gold's bull runShandong Gold has been active in making domestic acquisitions. SGIM in May paid 166.6 million yuan ($24.4 million) to acquire the remaining 49 percent stake it did not own in Qingdao-based Xinlai Mining Industry Co Ltd to boost its gold reserves.
The company will inject mature overseas assets into the listed arm once the listing is arranged, he said.
The company will sign an agreement on Friday with Energia y Minerales Sociedad del Estado (EMSE) to set up a joint venture to explore gold mines in Argentina, Ge Yuhuan,mercurial vapor, vice-general manager of Shandong Gold International Mining Corp Ltd (SGIM),chaussure louboutin pas cher, said on the sidelines of a mining conference.
Shandong Gold will take a 51 percent stake in the joint venture and a Hong Kong-based investment company will take a 37 percent stake, while the Argentinean company will take the remaining stake through its mining rights, he said, without revealing financial details.
Zijin Mining earlier purchased a gold mine in Tajikistan, and has a stake in a Canadian mining company,ralph lauren pas cher, while CNGGC acquired Canada-listed Jinshan Gold Mine Inc in 2008.
The company has five mining bases in Shandong, Hainan, Henan and Qinghai provinces, and Inner Mongolia autonomous region. Bullion output reached 20 tons in 2009, with revenue surpassing 25 billion yuan.


TIANJIN - State-owned Shandong Gold Corp Group is speeding up the pace of overseas resource acquisitions to secure its raw material supplies and expand its global footprint,franklin marshall, a company executive said on Wednesday.



Apart from the Argentinean project,nike mercurial, its joint-venture iron ore mine in Mongolia with explored reserves of 100 million tons,polo ralph lauren, in which Shandong Gold has a 70 percent stake,maillot football, will start production next year, he said.

However, the company has been sluggish in making overseas acquisition compared to its peers Zijin Mining Group and China National Gold Group Corporation (CNGGC).

SGIM,polo ralph lauren shirts, the group's international unit, founded in September, serves as an international platform to acquire overseas mining resources, and is seeking a listing in Hong Kong, said Ge.
Shandong Gold plans to invest in overseas mining resources in South America, including Argentina and Peru, and in mature mining countries like Canada and Australia.
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UNITED NATIONS, Jan. 6 (Xinhua) -- UN Secretary-General Ban Ki-moon said here Wednesday that "Afghanistan will remain one of our main priorities in 2010," and the relations between Afghanistan and its international partners "must be reevaluated."

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