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Most of the Sino Gold management team was brought together in 1995 when the China National Non-Ferrous Metals Industry Corporation, a Chinese state-owned company formed Sino Mining International Limited. Between 1996 and June 2000, this team financed and developed the Jianchaling gold mine and invested US$240 million in an agreement with Alcoa World Alumina and Chemicals resulting in ownership of a supply of 400,000tpa of alumina into China. Sino Mining International Limited was later acquired by China National Metals and Minerals Import & Export Corporation (“Minmetals”).
In June 2000, Sino Mining Limited was formed as a result of a demerger of Sino Mining International’s gold and aluminium interests. The name of the Company was changed to Sino Gold Limited in October 2002 and to Sino Gold Mining Limited in January 2007.
Operating the Jianchaling Gold Mine from 1998 to September 2006 provided much of Sino Gold’s “knowledge base” – how to negotiate, acquire, design, construct and operate effectively in China.
Sino Gold commenced gold production from the Jinfeng Gold Mine in 2007 and from the White Mountain Gold Mine in 2008.
Key milestones:
- October 1998 - First gold production from Jianchaling
- June 2002 - entered into Jinfeng Joint Venture
- June 2003 - entered into White Mountain Joint Venture
- February 2005 - Commenced construction of Jinfeng Gold Mine
- April 2007 - Jinfeng resource increased to 4.6 million ounces
- May 2007 - Jinfeng reserve increased to 3.2 million ounces
- August 2007 - Commenced construction of White Mountain Gold Mine
- September 2007 - Commercial gold production achieved at Jinfeng
- April 2008 - Total Group resources increased to 8.2 million ounces and reserves to 4.8 million ounces.
- October 2008 - First gold poured at the White Mountain Gold Mine
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