China Gold International Resources Corporation Expected to Reach Annual Production of 36,000 tons of Copper in Two Years

China Gold Group announced on December 2nd that, up till now its subsidiary holding company -- China Gold International Corporation has a total resource reserve of 3.95 million tons of copper, and 247 tons of gold; it is estimated that by 2012, the annual production of the company will reach 4.96 tons of gold, and 36,000 tons of copper, in the future there is still great potential to increase production capacity,and explore new mines to add reserve.

China Gold International Resources Corporation was listed on the main board of the Stock Exchange of Hong Kong on December 1st, its issue price was 44.68 HKD /share, the listing raised a total of nearly 2.4 billion HKD. Sun Zhaoxue, General Manager of China Gold Group, and Chairman of China Gold International Resources Corporation, said on the day of public listing that the Chang Shan Hao Gold Mine, and Jiama Copper-Gold Polymetallic Deposit under China Gold International Resources Corporation both have large potential for capacity expansion and reserve addition,they will provide solid guarantee to the rapid growth of the company’s business in the future.