Tuesday 17 April 2012

tera gold as resources are consolidated - IDE

129788454832968750_48Shandong gold gold gold exchange also bid for two miners share To compete for mineral resources, on Shandong gold gold gold and more. Zhongjin gold disclosed today tera power leveling, the company is planning a bid for Grand mines in Shandong province and Shandong mining equity related issues, stock suspension since the 13th. Concern is, above of Shandong gold bid is also the subject of a bid target tera power leveling, this full testy. Zhongjin gold today revealed that company on April 11st meeting of Board of Directors, examined and approved the bid for mining and Tin mines in Shandong Shanda's motion. Announcement, the company recently received a big mining and mining shares bid letter of notification of the assignment, the objective intends to bid for assets involves review by the Office of Shandong provincial land and resources for the record of resources of gold and iron ore resources, higher reliability, if the bid is successful, the company will receive a GrandControl of mining and tin mining. Zhongjin gold said the bid comply with the national industrial policy and development strategy of the company, intends to bid for the prospects for further exploration of the region and the potential, if its bid to achieve, companies will be able to Shandong province is rich in mineral resources of gold in the country achieve greater growth and expansion, accelerate development speed. Therefore, the companyStock from April 13 to suspend business, bid after the resumption. Sensitivities are on April 9 to suspend Shandong gold also disclosed yesterday, intends to bid big mining and mining shares. From the announcement, in fact, the two companies held a Board is considered a bid for matters of time on April 11, but somehow late 1 day gold gold bulletin,And has not implemented before suspension. Mining site shows a grand, located in laizhou city, Shandong province, was established in May 2003, registered capital of $ 190 million, drench in main mine iron ore mine, currently producing over 500,000 tons of iron concentrate powder. In November last year, the company made a deep of jiaojia 105 tonnes of gold resources in laizhou region project. According to the information, the company 2010Net profit of 108 million Yuan. Mining is a gold exploration and mining as the main business of industrial and mining enterprises, specific information is unknown. According to information, Shandong province has gold output of the nation for 37 years, 2011 production reached 100.035 tons tera gold, became the nation's first annual Super-hundred tons of gold of the provinces; in the province Shandong gold, gold mining and enrollment has constant state3 Gold class of shares of listed companies. Leading enterprise in Shandong gold review 2011, as resources are consolidated, new expansion projects implemented according to plans for mergers, acquisitions, companies have the ability to have confidence in a relatively short period of time the internal struggle within the country. Zhongjin gold "right" the Shandong Golden nest, it is quite a bad meaning. At present, zhongjin gold in national holdingThere are five major gold production base, namely in Hubei sanxin, neimengsunite, Shaanxi taibai, Henan sanmenxia, songxian County, Henan base and gold smelting, only xintai, Shandong gold, not a production scale. According to the latest broker research report, xintai gold prospecting additional reserves of 36 tons for this year, gold gold gold production base construction in Shandong provides resource protection. In this context, goldStrong bid for gold mineral resources in Shandong, deep intent all too clear in Shandong. According to the disclosure, in 2011, Shandong gold net revenues of 39.415 billion yuan, an increase of 25.07%; 1.902 billion yuan in net profit, an increase of 55.55%. Zhongjin gold has not yet disclosed 2011 annual report, the announcements said net profit grew 50% above, measured at more than $ 1.7 billion in net profit. Others:

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