A Golden Tsunami China is importing so much gold that they can’t purchase any more on the open market for fear of bidding up the prices. But that hasn’t stopped them for a second. They’ve even found a new way to add to their reserves … buying gold mines across the globe. Let me give you some examples: In August 2010, China Gold International put in a $742 million bid to buy Skyland Mining … In November 2011, Zijin Mining Group put in a $227 million bid to buy Gold Eagle mining … In August 2011, Stone Resources put in a bid to take control of Crescent Gold, an Australian gold miner. In November 2011, Baiyin Nonferrous Metal Group bid on the South African miner, Gold One International. And in April 2012, Sovereign Gold partnered with Jiangsu Geology & Engineering to buy two gold mines in Australia. Expected production of 145,000 ounces of gold from the CSH Mine in 2013. Expected production of 26.5 million pounds of copper from the Jiama Mine in 2013. At CSH, the Company is building a new 30,000 tpd stand-alone crushing, heap leaching and ADR (Absorption, Desorption and Refining) plant system in addition to the existing 30,000 tpd facility Jiama is expected to reach its planned full capacity of 40,000 tpd of ore. The Company plans to drill approximately 30,000 meters at the Jiama Mine during 2013. The Company will continue to leverage the technical and operating experience of the Company's controlling shareholder, China National Gold Group Corporation ("CNG"), to improve operations at its mines, increase production and minimize costs.