Jiama Project to Optimize MultiMetal Separation Technology
CHARTS: Russia seeks investors for 91 million ounces of in-situ gold
This year Russia plans to sell potential investors 86 prospective hardrock gold deposits with exploration potential in situ of about 91 million ounces of gold.....lets hope CGG is involved !
China Gold International Resources Corp. Ltd. (TSX: CGG, SEHK: 2099) is a mining and exploration company based in Vancouver, B.C., Canada. The Company operates two producing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of China. CGG’s stated corporate objective is to expand its resource base and grow production both at its current mining operations in China, and through an acquisition and development strategy targeting international projects.Jiama Project will be 13.8 Mtpa for Cu-Mo ores.Average annual net cash flow of USD 120 M over the life of mine for a total undiscounted
cumulative net cash flow of approximately USD 3,634 M.The Company continues to expand the operations of its CSH Gold Project from current 30,000 tpd to
60,000 tpd in 2013 and continues to advance and expand operations at the Jiama Project from current
6,000 tpd to 40,000 tpd. The Company expects to complete an updated feasibility study and reserve
estimate for phase II development of the Jiama Project in 2013. The value of China's imported goods will hit US$10 trillion in the next five years