Our vision is to make China Goldmines a dominant mining house in Southern Central China. To achieve this, our main objective is to develop the Guanzhuang Gold Project.
China Goldmines expects 2008 to be a transformational year. With the price of gold hitting record highs and operating in the world’s largest gold-producing nation, the Company looks forward to the future with confidence.
The Company has made substantial progress in developing the eight mines that form the Project after a successful capital raising in October 2007.
The findings of an Independent Geological Report demonstrated the potential of a long-term underground mining operation that could provide initial gold production of 25,000 oz per annum, increasing potentially to 150,000 oz per annum.
China Goldmines management team, headed by CEO Frank Vanspeybroeck, who resides in Hunan China, has worked diligently with China-based experts to bring the mines to production.
The Company has nearly 400 full time employees. The Company endorses western standards of health, safety and environmental policies and works closely with local communities and government to ensure these standards are implemented and maintained.