China Gold International Resources (02099) said
China National Gold Group Corporation Construction will provide general engineering,
procurement and construction services at the Chang Shan Hao mine (CSH Mine), a gold mine
located in Wulate Zhong Qi in Inner Mongolia Autonomous Region, in order to expand the ore
processing capacity at the mine for a total service fee of Rmb775 million.
Changchun Institute will also provide construction supervision and technical support
services to Inner Mongolia Pacific at the CSH Mine for a total service fee of Rmb3.6
The CSH gold project is currently operating at a 30,000 tonne per day (tpd) capacity,
producing over 133,000 ounces of gold per annum. The Expansion Feasibility Study supports
a 60,000 tpd expansion plan, under which the open pit reserves at the CSH project stand at
over 213 million tonnes of ore containing about 4.08 million ounces of gold.
- Undiscounted cumulative net cash flow is approximately $3.8-billion CNG meeting talks and for share holders of CGG we want some Mundoro news and Monnis news with Africa Barrick news in CGG targets ... for CGG trading on LME in DEC pls CNG!