Gold in That Thar Country

The government of China has decided to let foreign firms invest in gold mining operations there, but only in mines that are difficult to get gold out of: those that produce less than 3.5 grams of glitter per ton of ore. And “according to the rules,” said the Chinese official news agency, all gold produced is to “be sold to the People’s Bank of China at the state-set price.” (Reuters) ...Or, “We get the gold, the investors get the shaft.”