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Lazaraga Gold Resources Ltd Reports on China Monetary Policy - Miners were the top gainers as European mining index increased 1.9 percent and London’s blue chip index surged 0.7 percent or 40.18 points to end on 5,945.25 - Lazaraga.com
Lazaraga Gold Resources Ltd Reports on China Monetary Policy

 

PRZOOM - /newswire/ - Pudong, Shanghai, China, 2012/04/24 - Miners were the top gainers as European mining index increased 1.9 percent and London’s blue chip index surged 0.7 percent or 40.18 points to end on 5,945.25 - Lazaraga.com.

   
 
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On Monday, Britain’s FTSE 100 reached their highest level in nearly seven months in response to gains in mining shares on the back of China’s action in easing monetary policy. This year, the team at Lazaraga Gold Resources LTD. reports that the FTSEurofirst 300 index is up nearly 9 percent, recovering most of its losses in 2011.

Miners were the top gainers as European mining index increased 1.9 percent and London’s blue chip index surged 0.7 percent or 40.18 points to end on 5,945.25 on Monday, after China cut the amount of cash banks must hold in reserve on Saturday.

Shanghai based company Lazaraga Gold Resources LTD. sees China as the world’s largest consumer of metals; the move by the country is expected to arouse its economy that faces a fifth successive quarter of easing off growth.

Sectors with the biggest exposure to EU’s sovereign debt crisis, including insurers and banks also surged in anticipation of a deal being struck to rescue Greece for a second time.

Lazaraga Gold Resources Ltd (lazaraga.com) is a privately held integrated gold mining enterprise in the People’s Republic of China (“PRC”) focused on gold mining within the country. We concentrate on identifying, acquiring, exploring and developing gold mining deposits in a world famous location, the Gold Belt of China.

Gold mining in China requires the right team and that’s exactly what we’ve developed. The talent of experienced internationally educated Chinese geologists in mining and gold exploration, combined with an experienced management team in the resource industry, has created a diverse and forward moving company in the field of rare earth mining and exploration.

 
 
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Agency / Source: Lazaraga Mining and Exploration Ltd

 
 

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Lazaraga Gold Resources Ltd Reports on China Monetary Policy

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Contact: Lee Chow - Lazaraga.com 
+86 108001301688 press[.]lazaraga.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Lazaraga Mining and Exploration Ltd securities in any jurisdiction including any other companies listed or named in this release.

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