China National Gold Group Corp (CNGG), the country's second largest gold producer, will transfer several gold mines as assets to its Canadian subsidiary Jinshan Gold Mines this year and acquire more mining assets abroad through Jinshan.
Song Xin, vice-president of CNGG, told China Daily Wednesday that the company was in talks to buy several gold mines overseas, but declined to give details.
"Our target investment destinations include neighbors such as Russia and Mongolia, as well as North America, Australia and Africa," said Song. "Jinshan will serve as an overseas investment platform, because as a company listed on the Toronto stock exchange, it has easier access to foreign investors and mining assets." MiningConnect China Gold International Resources Appoints Zhanming Wu as Senior Executive VP; Lisheng Zhang as VP,, http://t.co/n4H8qfHWCO +Zhanming Wu-. Mr. Wu serves as a director of Mundoro Mining Inc., a private British Columbia based junior natural resource company, since October 2011....
China Gold International Resources Corp. Ltd.: 2010 Drilling Program Produces High Grade Gold Intercepts at Jiama .... Table 1: Significant gold mineralization intercepts at ...From To Interval Gold Silver Hosting Property ... were undertaken by China Southwestern Metallurgic Geology China Gold International is the only overseas vehicle of China National Gold Group, which is a central level, state owned enterprise as well as the largest gold producer in China. This relationship allows the Company to leverage China National Gold’s engineering and operating knowledge, as well as their financing capabilities.