China Gold International Provides Full Support to The Government in Tibet's Landslide Rescue and Recovery Efforts
VANCOUVER, April 2, 2013 /PRNewswire/ - China Gold International Resources Corp. Ltd. (TSX: CGG) (HKEx: 2099) (the "Company" or "China Gold International Resources") reports that the Company and its controlling shareholder China National Gold Group Corporation ("CNG") are fully engaged in assisting the government with rescue work 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").
The landslide occurred on March 29, 2013 at about 6 a.m. Beijing time. This rescue work is top priority for the Chinese Central Government and the Government of the Tibet Autonomous Region who are heading the on-site emergency rescue. The 83 workers buried in the landslide are employed by 4 external independent contractors engaged by Tibet Huatailong Mining Development Ltd, the Company's wholly-owned subsidiary. The senior management of the Company and CNG, are assisting the rescue operation at the Site. Approximately 10,000 pieces of relief materials, 129 sets of machinery, equipment and vehicles and more than 1,000 experts have been deployed by the Company to the site, immediately after the landslide. CNG has immediately assembled the emergency rescue team which belongs to its subsidiary, the Inner Mongolia Bao Tou Xinda Gold Mining Industry Co., Ltd., and rushed the professional rescue equipment to the disaster site.
About 2 million cubic meters of rock and debris covered an area measuring about 3 kilometers in length. Jiama Mine production facilities are about 10 km away from the geological disaster site. No substantial impact and no damage on Jiama Mine's facilities occurred. The operations are ongoing. While continuing operations, some personnel as well as machinery and equipment have also been mobilized for rescue efforts at the same time.
Mr. Zhaoxue Sun, Chairman of the Company, stated, "Our deepest condolences go to the family, friends and fellow workers of the victims. Our primary objective at this time is to do our utmost to assist the government in their rescue and recovery efforts. The Company's people-oriented ideology has always been and will unswervingly be implemented in our future operations."
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.