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HK, Mainland Form Gold Producer Alliance
Hong Kong-listed RNA Holdings Ltd that deals with gold refining and trading announced in Hong Kong Wednesday the formation of a Gold Producer Alliance between some 50 mining companies in the mainland.
Members of the alliance are gold producers from eight provinces in the mainland. RNA will act as a consultant to the gold producers for financing, hedging and marketing services which currently do not exist in the mainland.
The objective of the Gold Producer Alliance is to form a nationwide vertically integrated gold industrial network, and to help mining and refinery companies in the mainland create a wide-ranging network.
Gold producers will be able to the share of international financial and investment information and refining techniques through the network.
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