Gold producer eyes fresh overseas deals

State-controlled China National Gold Group Corporation is planning to step up presence in Central Asia, Russia and Africa as part of its plan to scout for new investment destinations.

"We are considering two new precious metals projects in these regions and expect to finalize the deals early next year," said Tong Junhu, overseas business manager of China Gold.

The nation's largest gold producer also said it has achieved breakthroughs in Russia and Mongolia but declined to divulge any details.