ALL >> General >> View Article
China Resources International Ramps Up Production

Nov. 9, 2012 - China Resources International has reported a production increase of 28% based on a comparison of the year to date, on the same period last year. The increase in production has been noted in both gold and zinc output which have increased 36% and 24% respectively. Gold output rose from 34,000 ounces (2011) to 43,520 in November 2012.
Mr Wei Feng the company President attributed the rise to increased production at the company's Guizhou mine, combined with the initial output from the Jilin mine where drilling recently began. Mr Feng commented “The observed production increase reflects several factors including the beginning of production in Jilin, the purchase of new equipment, and the ever growing workforce.
Overall China Resources International has seen exceptional production growth in 2012, which combined with the exceptional grade of ore being mined has reduced cash costs and driven up profits.
When broken down, the majority of the increase in production appears to have occurred during the third quarter whereas the first two quarters showed only a relatively minor increase in production ...
... levels. China Resources International reports that the Guizhou mine still contains vast reserves of mineral gold despite already having been in operation for several years. Gold production estimates for 2013 for China Resources International are in the region of 80,000 ounces, which includes an expected 12,000 ounces from the company's most recent investment in the Xiaoluo mine.
This announcement may contain forward looking statements which reflect the Company's current beliefs and are based upon information available the time of writing.
About the Company
China Resources International is primarily engaged in the exploration, mining of gold in east and south east China. The Company also processes, produces and distributes gold and other precious metals. In late 2004, China Resources International purchased 2000 hectares in the Guizhuo Province in south-east china, an area already well known for gold mining.
Add Comment
General Articles
1. Hr Management: How To Handle Termination Of EmploymentAuthor: Rosalina Wolf
2. Dme Billing And Home Health Billing: Integrated Medical Billing Services For Better Care
Author: Charlie Robinson
3. High Employability Through 64 Kala Concept
Author: Chaitanya Kumari
4. Softlink Global Ceo Amit Maheshwari Honoured With Best Entrepreneur Award At Maharashtra Corporate & Education Excellence Awards 2025
Author: Softlink Global
5. Why Businesses Are Switching To Open Source Alternatives To Crystal Reports
Author: Vhelical
6. Why Eastern Europe Is The Smartest Bet For B2b Travel In 2025
Author: seopass
7. Sap Erp Software In Udaipur – The Digital Core Of Scalable Business Success
Author: Akansha
8. Gws Tele Services: Powering India's Digital Future
Author: GWS Tele Services
9. The Future Of Clinic Management Software: What To Expect In 2026
Author: sheetal
10. 11 Hills Park In Dubai By Townx
Author: TownX
11. What Happens If You Don’t Replace A Missing Tooth?
Author: Dr indveer reddy
12. Why You Need A Tracker For Your Car: Benefits, Features & Buying Guide
Author: What Is a Tracker for Car?
13. Create A Marketplace Like Amazon
Author: davidbeckam
14. Autonomous Vehicles Market Insights And trends
Author: Rutuja kadam
15. Key Trends In The Automotive Parts sector
Author: Rutuja kadam