• Record Eldorado production in 2014

    ELDORADO Gold Corporation achieved record production of 789,224 ounces in 2014 which was in line with the original 2014 guidance of 730,000-800,000 ounces of gold. Forecast gold production in 2015 is estimated to be 640,000-700,000 ounces.

  • CHINA - Updated Sawayaerdun resource estimates

    GobiMin Inc announces updated resource estimates for the Sawayaerdun Gold Project in Xinjiang Uygur Autonomous Region. Total measured and indicated resources are 26.84 million tonnes @ 1.79 grams/tonne gold for 1.545 million ounces, and total inferred resources are 59.38 million tonnes @ 1.38 grams/tonne for 2.626 million ounces.

  • CHINA - Commodity super-highway to emerge

    Wood Mackenzie says that China’s Go West strategy – encouraging coastal to inland flow of capital and people - will result in the formation of a new commodity super-highway, which will represent significant business and investment opportunities.

  • CHINA - Record Eldorado production in 2014

    Eldorado Gold Corporation achieved record production of 789,224 ounces in 2014 which was in line with the original 2014 guidance of 730,000-800,000 ounces of gold. Forecast gold production in 2015 is estimated to be 640,000-700,000 ounces.

  • Commercial production begins at GC

    The mill and warehouse at Silvercorp's GC project in Guangdong Province.SILVERCORP Metals has commenced commercial production at the GC Silver-Lead-Zinc Project in Guangdong Province. The mine achieved this milestone during the September quarter as operational results including output level grades and recovery rates significantly and consistently achieved planned levels. Output is now about 800 tonnes per day.

  • New gold zone at White Mountain

    Undergrouns survey work at Eldorado Gold's White Mountain project.DRILLING at Eldorado Gold Corporation’s White Mountain property in Jilin Province has identified a new, deeper zone of high-grade mineralization down-plunge of the current resource in the Central Zone. The exploration drilling has also extended the existing Central Zone resource on the 200 metre level.

  • CHINA - China Gold buys shares for debt settlement

    China Gold Pte Ltd has acquired an additional 1,497,600 common shares in the capital of Asia Now Resources Corp at a deemed price of $0.05 per share to settle quarterly interest payment obligations accrued from October 1 to December 31, 2014 in the aggregate amount of $74,880.

  • CHINA - Shale gas liquefaction plant operating

    Jereh Group has successfully finished China’s first shale gas liquefaction plant in Sichuan. At this phase, the plant will produce 2.47 million cubic feet of LNG per day and the second phase, which will provide daily capability of up to 10.59 million cubic feet, will start construction this month and create 30 direct jobs.

  • CHINA - Asia Now shares for debt settlement

    Asia Now Resources Corp proposes to issue 1,497,600 common shares in the capital of the corporation to settle quarterly interest payment obligations in the aggregate amount of $74,880.

  • CHINA - Waste gas recovery project completed

    The world’s largest facility to turn excess methane gas from coal mines into electricity has been completed in coal-rich Shanxi Province, state-run Xinhua news agency reported. The facility could help China reduce its emissions.

  • CHINA - Silvercorp re-appoints CEO

    Silvercorp Metals’ founder and chairman Dr Rui Feng is being re-appointed to the chief executive officer position. The Board of Directors welcomes Dr Feng’s return to the CEO position, a role he held from September 2003 until October 2013.

  • CHINA - Coal tariffs to be cut

    China will cut its export tariffs for coal from January 1, 2015, after intense lobbying by the China National Coal Association. The lobbying follows a slump in coal prices which has put nearly 70% of the country’s miners in the red.

  • CHINA - Fox Marble signs sales deal

    Fox Marble has signed a sales deal with Zhong Shengdestone (ZSC), which is headquartered in Beijing. This should see Fox Marble earn incremental revenues of between US$2.5 million and US$5.0 million if sales through ZSC hit minimum target levels.

  • CHINA - New Sawayaerdun estimate soon

    GobiMin Inc expects to release a new resource estimate for the Sawayaerdun Gold Project in Xinjiang early in 2015. The new NI 43-101-compliant estimate is being prepared by Mining One Pty Ltd following a visit to the project in October.

  • CHINA - Processing resumes at Caijiaying

    Commissioning of the significantly refurbished and upgraded processing facilities at Griffin Mining’s Caijiaying Zinc Gold Project in Henan Province is under way. This process follows the suspension of processing announced on August 13, 2014, to provide for the expansion.

  • China funds dry up for magnetite

    Magnetite stockpiled at Grange Resources’ Savage River project in Tasmania. Photo courtesy Grange Resources.THERE will not be any significant immediate term funds to come out of China for magnetite iron projects in Australia or internationally, according to advisory firm PCF Capital, which also warns of pending swings in global competition for exploration funds. The market changes also raise the spectre of ‘shadow bank’ operatives becoming a temporary force in mine project funding – but at much higher risk than conventional bank-based debt.

  • Zijin establishes metal exchange

    In late August the Zijin Mining Group established the Zijin Global Electronic Metal Exchange after receiving approval of the Shenzhen Financial Development Services Office. The exchange, a third party metal trading platform, has been set up in the Shenzhen Qianhai Cooperation Zone.

  • Galaxy receives second payment

    Galaxy Resources has received the second US$15 million tranche from Sichuan Tianqi Lithium Industries for the sale of Galaxy Lithium International Ltd (GLIL), the parent entity of the Jiangsu Lithium Carbonate Plant.

  • Shandong Gold Mining acquisition

    Shandong Gold Mining Co Limited’s wholly-owned subsidiary is acquiring a mining right in Sizhuang, Shandong Province, from Shandong Gold Group Co for consideration of almost 600 million Yuan.

  • Xinxin starts new smelter

    Xinjiang Xinxin Mining aims to boost refined copper output by 15 times in the second half of 2014. The start-up of a new smelter is expected to result in the company increasing production from 3830 tonnes in the first half of the year to 60,280 tonnes.

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