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MICHELAGOA traditional Chinese ceremony in July 2005 marks the transfer of the bacterial oxidation plant in the gold-mining town of Laizhou, Shandong province, to Aussie miner, Michelago. The pillars in the background represent wisdom. And the women are holding trays of flowers, each with a pair of scissors to cut the opening ribbon. The BacOx plant, the largest of its kind in China, processes third-party concentrates at a rate of about 150,000 oz. gold annually and is key to an impending merger between Toronto-based Golden China Resources and Michelago.

News September 4, 2006

Golden China claws its way to production

A little known company that traces its roots to Hong Kong, is listed in Toronto, and is about to merge with an Australian firm that holds Chinese assets, has ambitions to become the largest foreign pr…

JINSHAN GOLD MINESConstruction of the boiler plant at Jinshan Gold Mines' CSH (217) gold project in Inner Mongolia, China. A feasibility study there envisioned a mine capable of producing about 117,000 oz. gold a year for the first nine years at a cash cost of US$253 per oz. The company hopes to start production by the end of 2006 or early 2007.

News September 4, 2006

Jinshan Gold aims for year-end startup

Vancouver — Mine development is rapidly advancing at Jinshan Gold Mines’ (JIN-V, JINFF-O) Chang Shan Hao (217) gold deposit, in the northern Chinese region of Inner Mongolia, following completion of…

News September 4, 2006

Reserve upgrade adds a year to Alumbrera mine

Vancouver — Reserve upgrades at the Alumbrera copper-gold mine in northwestern Argentina have added one year to the life of the major open-pit operation, owned by Goldcorp (G-T, GG-N), Northern Orion…

News September 4, 2006

Goldcorp posts stellar Q2

Vancouver — After digesting the producing Canadian assets of Placer Dome, Goldcorp (G-T, GG-N) has turned in a stellar second quarter with net earnings of US$190.4 million (US50 per share), almost d…

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