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russia's far east development fund and china's state owned gold mining company, china national gold group, are to sign an accord by the end of this year on setting up a joint us$1 billion investment fund targeting new projects in the metals and mining sector.
gold mining output in china fell almost 3% in the first 3 months of 2018 compared with the same period last year, according to new data. that extends the 6% annual drop recorded in 2017 according to the latest statistics from government backed body the china gold association.
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