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 China's service sector has reached nearly US$4 trillion! China’s economy: $123 trillion, 3 times America’s by 2040 per capita income will hit $85,000, more than double the forecast for the European Union … China’s share of global GDP— 40% — will dwarf that of the United States (14%) and the EU (5%) 30 years from now,” one brief generation....China is set to sign a memorandum of cooperation to invest US$10 billion to develop a key port in Tanzania, reports the Guangzhou-based 21st Century Business Herald.
According to the Tanzania ambassador to China, Philip Marmo, Communist Party general secretary and newly appointed Chinese president Xi Jinping is expected to sign the comprehensive development cooperation memorandum after his arrival in Tanzania on Sunday. The visit is part of a historic tour that also includes stops in Russia, South Africa and the Republic of Congo.
The project will reportedly involve developing the Tanzanian port of Bagamoyo, one of the most important trading ports along the East African coast. Once completed, the port will open up Tanzania's trade with China,.....MUNDORO IN CGG NAME CNG!