22k market news

 Beijing: 1 million kilograms of gold particles worth 7 lakh crore rupees have been discovered in the Wangu gold mine in Pingjiang, Hunan province of China. Gold mine china How much is China gold net worth The Geological Survey of Hunan Province, China , our neighbor, discovered a large amount of gold in more than 40 places at a depth of 6,500 feet underground in the Wangu gold mine. It was estimated that up to 300,000 kg of gold could be found here.   Using modern technology, a mine up to 10,000 feet deep has found gold particles larger than expected.   The amount of gold identified here is believed to be over 1 million kg. Its value is estimated to be over 7 lakh crore rupees.   It is said to be the largest gold mine discovered in recent history. Through this, Hunan Province has gained a very important place in the global gold mining market. The 'South Deep' mine in South Africa is estimated to contain 900,000 kg of gold. It has been named the world's largest gold ...

There is no iron ore export program to China. to increase iron ore production to meet domestic demand; The National Mineral Development Corporation (MDC) said that there is no need for any export projects to China.   Iron ore export, PSU NMTC has said it will increase iron ore production to meet the growing demand from the domestic steel industry. The country's iron ore demand is at an all-time high; NMTC also said that the company is committed to meet the demand of domestic steel producers. Despite rising iron ore export prices, net sales in the domestic market have been good, the company said. While it was reported that NMDC was planning to export iron ore to China, the company denied that there was any such plan. Operating under the Ministry of Iron and Steel, the company is the country's largest iron ore producer. It meets 20 percent of domestic iron ore demand. The company has set a target to produce 10 crore tonnes of iron ore by 2030.

Sangkshi Enterprise Group , a Chinese conglomerate, has filed for bankruptcy with debts of Rs 5.31 lakh crore. The company is one of China's largest private conglomerates, with interests in a wide range of industries, including real estate, mining, and finance. china Which Chinese companies gone bankrupt The bankruptcy is the latest in a series of high-profile corporate failures in China, and it is likely to have a significant impact on the country's economy.   The group's foundation, 'Chang Rong International Trust', was founded in 2022. As of closing, it was managing funds worth nearly Rs 7.22 lakh crore. In this case, it said that it has failed to pay its dues to its corporate investors for the month of August. Currently in this state. The group has told investors that it is insolvent with a debt of Rs 5.33 lakh crore. The bankruptcy of Sangshi Enterprise Group is a major setback for the Chinese government, which has been trying to promote economic growth an...