|
China to build largest gold mine in Asia
(CRI)
Updated: 2006-03-06 08:51 A gold mine jointly developed
by China and Australia will go into operation in southwest China's Guizhou
Province in September and is expected to become the largest mine of its kind in
Asia.
The official Xinhua News Agency reports the Lannigou Gold Mine has received a
total investment of more than 800 million yuan, or nearly 100 million US
dollars. It has an estimated annual production capacity of between 180,000 and
200,000 ounces of gold with deposits potentially lasting for about 15 years.
The gold mine is currently controlled by Sino Gold Limited, a company based
in New South Wales, Australia.
|
