Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Guangzhou Donghua Enterprise Co., Ltd. announced that it has signed a letter of intent with controlling shareholder Guangzhou Yuetai Group Co., Ltd. to acquire its gold mining subsidiary Xinyuan Mining.
Xinyuan Mining, with a registered capital of USD 10 million, has obtained the exploitation license for a 28 million sqm gold mine in Cambodia.
Xinyuan Mining’s concentrator with an annual capacity of 500 tons is expected to start a trial run at the beginning of November 2012.
Source (Chinese): Cninfo via BrightWire News.
