CHINA - Asia Now to undertake evaluation of Beiya

Asia Now Resources will carry out a strategic evaluation at its Beiya Gold-Copper Project in Yunnan province after independent exploration at the site has identified poor rock mass and quality.  1

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CHINA - Galaxy recommences Jiangsu operations

Galaxy Resources has recommenced operations at its Jiangsu lithium carbonate plant, after receiving clearance for repair works to affected pipes which exploded in November last year.  1

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CHINA - Minco announces 2013 asset plan

Minco Gold says it will sell non-core Chinese projects to generate working capital for its primary assets. The company completed a detailed review of its Chinese properties in 2012, which pointed to a renewed focus on its core Longnan projects in Gansu province. Three drill holes at the site were completed late last year with assay results yet to be received.

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CHINA - Sparton sells off Lincang assets

A major Chinese germanium producer has purchased Sparton Resources’ production assets within the Lincang district for Can$2.16 million. The purchase by Yunnan Lincang Xinyuan Germanium Industry Stock Company includes Sparton’s Huajun mining licence and associated infrastructure. The Huajun germanium/coal production facility is China’s fourth largest.

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