Fri, 03 Feb 2012 08:05:56 GMT
China's gold miner faced increase in profits due to high gold price
China's miner, Zijin, announced it expects about 20% increase in profit for 2011 due to constantly growing gold price. The company estimated its annual profits as 5.8 billion Yuan for 2011 as compared to 4.8 billion Yuan in the preceding year. Gold price jumped more than 30% in August before declining at the end of 2011.