Gold moves closer to US$1800 per ounce. G-Resources Ltd, owner of Martabe gold mine in North Sumatra, gains 1.6% in Hong Kong this morning. The stock, however, declined substantially in recent weeks because of the unresolved waste dispute with local residents. J-Resources, which acquired gold mine assets of Avocet in Indonesia and Malaysia, on the other hand, bags US$135 million loan from CIMB-Niaga.

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