Lazaraga Gold Resources LTD. Reports on China Monetary Policy

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. 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.

Lazaraga Gold Resource Ltd
Suite 915, Cimic Tower, 800 Shangcheng Road, Pudong, Shanghai 200120, P.R.China
press@lazaraga.com
Local : +86-108001301688
International : +1-8776699252
Lee Chow

This release was published on openPR.