I found this article in the Chinese News newspaper dated 2010-06-18. Interestingly, Shandong Gold had property in Vz and sold it back to Vz. Maybe China Railroad sells their portion back to Vz or to Shandong Gold? Wow, scenerios get deeper. Meeting on J23 should be interesting. Question period. Go KRY.

BEIJING - Shandong Gold Mining Group plans to expand its bullion output and also grow inorganically through overseas acquisitions, a company source told China Daily on Thursday. The bullion producer plans to increase gold output by 20 percent to 30 tons this year to cash in on the growing demand for the yellow metal in China, said the source on condition of anonymity. Bullion investments have risen sharply in the past few months as the realty and capital markets have turned bearish. Shandong Gold is also planning to invest in overseas mining assets, especially in South America, and mineral-rich countries like Canada and Australia, he said. The company will look to invest in new regions like Argentina, Chile and Brazil especially in copper, zinc and lead resources and also boost its gold projects presence in Canada and Australia. Shandong Gold has been active in making domestic acquisitions. Its listed arm Shandong Gold Mining Co Ltd last month paid 166.6 million yuan ($24.4 million) to acquire the balance 49 percent stake it did not own in the Qingdao-based Xinlai Mining Industry Co Ltd to boost gold reserves. However, the company has so far made only one overseas acquisition, a mineral project in Venezuela. The project has been withdrawn and sold back to the Venezuelan government, the source said. The plan to look at overseas buys afresh indicates the company's serious intention to expand its global footprint for more resources.