Gold jewellery and investment demand in China in 2009 is expected to reach 432 tonnes, compared with 422 tonnes from India.
According to reports, Petra Diamond Consortium has been officially approved by the South Africa’s Department of Minerals and Energy as the new owner of the Cullinan mine.$$The Consortium had purchased the mine from De Beers for $150 million, some months ago. The Petra Diamonds Cullinan Group includes Petra, the Saudi based invest company Al Rajhi Holdings and Thembinkosi Mining Investments.
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