Donghua to buy Cambodian gold mine from Yuetai Group

Guangzhou Donghua Enterprise Co., Ltd. announced that it has signed a letter of intent with controlling shareholder Guangzhou Yuetai Group Co., Ltd. to acquire its gold mining subsidiary Xinyuan Mining.

Xinyuan Mining, with a registered capital of USD 10 million, has obtained the exploitation license for a 28 million sqm gold mine in Cambodia.

Xinyuan Mining’s concentrator with an annual capacity of 500 tons is expected to start a trial run at the beginning of November 2012.

Source (Chinese): Cninfo via BrightWire News.

 

6 0

More Gold News