Word: atherley
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...largest producer of the precious metal, for the first time supplanting South Africa, which had been No. 1 since 1905. This isn't a fluke. China's surprisingly high reserves and growing domestic demand mean the country will likely remain the industry leader in coming years. Says Paul Atherley, managing director of Leyshon Resources, an Australian mining company: "China is going to become dominant in the world gold industry as a producer, consumer and explorer...
...mining and exploration rights in Tajikistan and a stake in a Philippine gold and copper project. Zijin also led a consortium that bought a majority stake in London-listed Monterrico Metals, which owns a copper and molybdenum project in Peru. "All the big mining groups started this way," says Atherley, the Australian mining-company executive. "They get a good mine and they start acquiring. It is really down to corporate fate. That's the only thing stopping Chinese groups." Says Zhang of the China Gold Association: "We can keep this up for a long time." Having passed South Africa...
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