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Asia Sentinel
China's Filipino Gold Rush

China's Filipino Gold Rush

Our Correspondent
Nov 13, 2012
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Asia Sentinel
Asia Sentinel
China's Filipino Gold Rush
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A vast and growing river of gold, much of it illegal, is being mined in the Philippines by Chinese companies and is pouring into Hong Kong before most of it is transshipped into China.

With an estimated US$1 trillion in untapped mineral resources in the Philippines according to the Mines and Geosciences Bureau, Chinese mining companies, many of them oper…

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