China_Gold_International_Resources

China Gold International Resources Corporation

China Gold International Resources Corporation

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China Gold International Resources Corp. Ltd. is a mining and exploration company registered and headquartered in British Columbia, and listed on the Toronto Stock Exchange (TSX: CGG, SEHK: 2099). China Gold holds a minority stake of 39.9% of its shares.

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Corporate structure

China Gold International is the only overseas vehicle of China National Gold Group, which is a central level, state owned enterprise as well as the largest gold producer in China. This relationship allows the Company to leverage China National Gold's engineering and operating knowledge, as well as their financing capabilities.

Operations

The aims of the company are to grow production both at its current mining operations in China and through an acquisition and development strategy targeting international projects.

The company operates two producing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of China.

On March 29, 2013, 83 miners were buried in a landslide at the Gyama mine site in Tibet.[1][2] In 2014 Canada's national contact point for the OECD received a Request for Review regarding the mining activities of China Gold in the Gyama Valley.They made six recommendations regarding disclosure, employment and industrial relations, the environment, and human rights. [3]

References

  1. [1]
    "83 buried in landslide in Tibetan mining area - Xinhua | English.news.cn". news.xinhuanet.com. Archived from the original on April 1, 2013. Retrieved 2016-06-23.
  2. [2]
    "The price of gold". The Economist. ISSN 0013-0613. Retrieved 2016-06-23.
  3. [3]
    Government of Canada, Foreign Affairs Trade and Development Canada (2 April 2015). "Final Statement on the Request for Review regarding the Operations of China Gold International Resources Corp. Ltd., at the Copper Polymetallic Mine at the Gyama Valley, Tibet Autonomous Region". Retrieved 2016-06-23.
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