Galaxy to sell Jiangsu operation

Galaxy is selling the lithium carbonate plant it developed at Jiangsu, north of Shanghai, to Sichuan Tianqi Industries.GALAXY Resources has signed a binding share purchase agreement with Sichuan Tianqi Industries for the sale of Jiangsu Lithium Carbonate Plant. The agreement will be effected by way of the sale of Galaxy’s Hong Kong subsidiary Galaxy Lithium International.

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Jiama production set to increase

A new mill is being constructed at the Jiama Copper-Polymetallic Project in Tibet Autonomous Region.CHINA Gold International Resources Corp plans to grow production capacity at its Jiama Copper-Polymetallic Project in Tibet Autonomous Region in two stages. At the completion of stage one, scheduled for the second half of 2014, the new mill’s daily capacity is expected to grow from 6000 tonnes to 28,000 tonnes of ore. Stage two construction of an additional 22,000 tonnes daily capacity is expected to be completed by the second half of 2015.

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Martina seeks partners

Martina Minerals Corporation is running its activities at a low ebb in difficult financial markets with management continuing to work with potential investors and joint venture partners on its TRIMA 1 and TRIMA 2 projects near Monkayo in South Eastern Mindanao. The company requires additional funds to continue its operations, fund its associate and its acquisition and exploration activities and to become profitable.

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