China will invest more than 1 trillion yuan ($163 billion) redeveloping shantytowns this year as the government promotes urbanization as an engine of growth, according to state broadcaster China Central Television. koreaherald.com/view.php?ud=20140317000591
I hope CNG is pushing a Mundoro Merger with CGG !
The Zeleznik licence covers 60 square km and is located at the northern part of the Timok magmatic complex. The southern portion of this licence continues along strike and shares the same geological and structural setting as its neighbour, the Majdanpek copper-gold porphyry mine, which has a reported resource of one billion tonnes at 0.4 to 0.8 per cent Cu and 0.25 to one gram per tonne Au (Jelenkovic, 2007). The anomalies in Mundoro's licence lie directly north of the latest, continuing, northerly extension of the Majdanpek mine, which is now approximately 1,600 metres from Mundoro's property boundary.
Mundoro completed a ground magnetic survey program over the two areas highlighted by significant Cu-Au-Mo in the soil anomalies located at the southern part of the project (see press release from Jan. 13, 2014, for details). Interpretation of the results highlighted that the zone of hydrothermal alteration is characterized by a 600- to 700-metre-long, by 600-metre-wide, magnetic high. Several other local magnetic highs appear to define a ring at the margins of the zone of alteration. The zone is interpreted to extend down from the surface. The company is following up with trenching in second quarter 2014 and follow-on drill testing in the second half of 2014. "As a result of the successful targets identified and future exploration potential in Serbia, we have been approached by various producers and are evaluating joint venturing. We are in active discussions with potential partners for our projects in Serbia.