THE first stage of China Gold International Resources Phase II expansion at Jiama Copper-Polymetallic Project in Tibet Autonomous Region will achieve full capacity by the end of the year. In the first half of 2017, 31.97 million pounds of copper were produced, up 59% from the 20.11 million pounds in the first six months of 2016.
CHINA remains the single largest contributor to global economic growth and its influence is growing by way of increasing overseas investment. Indicative of this is the fact that in 2016 China’s outward foreign direct investment (OFDI) surpassed inward FDI for the first time in recent history.
BY acquiring Newcrest Mining subsidiary, Newcrest New Zealand Exploration, New Talisman Gold Mines has secured the remaining 80% of the Rahu Gold Project that it did not already own. New Talisman is now evaluating options to fast-track the North Island exploration project having acquired all geological and site targeting data and logging.
BATHURST Resources has secured a 30-month supply contract for coal from its mines on the North Island. The contract for supply of up to 250,000 tonnes annually progresses the company’s strategy to supply domestic coal in New Zealand to displace imported coal.