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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (35952)	4/23/2009 2:44:20 PM
From: LoneClone	Read Replies (1) of 194042

Zijin Mining 1Q Net Profit Up 20.6% To CNY912.4 Mln Last update: 9:45 a.m. EDT April 20, 2009 marketwatch.com{EB1FFF03-2AC1-467B-B18C-3A57B0D398C8} SHANGHAI, Apr 20, 2009 (Dow Jones Commodities News via Comtex) -- Gold miner Zijin Mining Group Co. (2899.HK) said Monday the company's first-quarter net profit rose 20.6% due to its rising gold output. The Hong Kong and Shanghai-listed company said net profit for the three months ended March 31 was CNY912.4 million, up from CNY756.8 million a year earlier, according to Chinese accounting standards. Revenue for the first quarter rose 38% to CNY4.95 billion from CNY3.58 billion. Demand for gold in China has been growing rapidly as its booming economy increases consumer spending power. China is the world's largest gold producer and the second-largest global consumer. -Wang Ming and Yvonne Lee contributed to this story; Dow Jones Newswires; (86-21) 6120-1200; ming.wang@dowjones.com (END) Dow Jones Newswires 04-20-09 0945ET

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