China Gold International Launches Risk Emergency Plan, Enhances Monitoring and Precautionary Measures, Reviews Contractors' Safety Procedures to Minimize the Impact of Tibet's Landslide
VANCOUVER, April 3, 2013 /PRNewswire/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") the Company's wholly-owned subsidiary, Tibet Huatailong Mining Development Ltd, has been assisting the local government with rescue work immediately after the landslide occurred in Ze Ri Mountain, Pu Lang Valley, Si Bu Village, Zha Xi Gang Town, Mozhugongka County, Lhasa City, Tibet Autonomous Region of the People's Republic of China (the "Site").
At the same time, the Company has launched a risk emergency plan which involves conducting safety verification in respect of its current production facilities at its Jiama Mine, such as open pits and underground-pits, mill processing plants and tailing ponds, to ensure that the landslide has not had any material adverse impact on the existing production and operations at the Jiama Mine. Meanwhile, the Company has also enhanced its monitoring and precautionary measures on the Site and provided technical support for the on-site rescue at the Site. In addition, the Company has reviewed the on-site safety procedures undertaken by all external contractors to ensure the safety of all personnel.
The management team of the Company will keep providing updates on any potential effect of this disaster on the Company.
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of the People's Republic of China. The Company's objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx: 2099).
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
SOURCE China Gold International Resources Corp. Ltd.