GobiMin seeks Sawayaerdun licence

GOBIMIN has submitted the first of three Chinese standard geological reports required to convert the exploration licence of the Sawayaerdun Gold Project in Xinjiang Province into a mining licence. If the process goes well, a mining licence would be obtained by the end of 2017.

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Eldorado project transactions advance

ELDORADO Gold expects to close the two transactions relating to the sale of its Chinese mining assets by the end of the year. The company says the sale of the Jinfeng, White Mountain and Tanjianshan mines as well as the Eastern Dragon development project for a total of US$900 million will result in an even stronger balance sheet.

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Caijiaying operations ramp back up

GRIFFIN Mining expects operations to return to normal during the second half of 2016 at the Caijiaying precious and base metals mine. This follows a fatality at the mine in October 2015 which resulted in operations being shut down for five months.

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New mill for Yulong Copper Project

WESTERN Mining’s subsidiary Tibet Yulong Copper Co is commissioning a new crushing mill and control systems at the Yulong Copper Project. The new facilities are expected to improve production and overcome issues caused by cold weather in the elevated area of Tibet in which the mine is located.

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