China Gold International's Jiama Mine welcomes reputable recognition by Global Compact China Network
VANCOUVER, Dec. 21, 2012 /PRNewswire/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (CGG) is pleased to announce that on December 12, 2012 Tibet Huatailong Mining Ltd., the wholly-owned subsidiary of China Gold International Resources Corp. Ltd. and the operator of Jiama Mine, was selected to enter the "2012 Global Compact China Network Yearbook" by the Global Compact China Network.
Dr. Xin Song, CEO of China Gold International Resources Corp. Ltd., commented, "Management is honored to receive this recognition of the Company's ongoing efforts to improve social responsibility and sustainable development."
About Global Compact China Network
Global Compact Network China hereinafter referred to as the "China Network" is the local network of UN Global Compact in China. China Network strives to promote more Chinese companies to sign up for the UN Global Compact, propel companies to embrace and implement Global Compact ten principles in respect of human rights, labor rights, environment and anti-corruption, strengthen the communication and cooperation between Chinese companies and the international community, continuously improve the international status and image of Chinese companies and promote sustainable development of Chinese companies in the context of economic globalization.
About China Gold International Resources
China Gold International Resources Corp Ltd is based in Vancouver, BC, Canada and operates both the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of China. CGG'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).
About the Tibet Huatailong Mining Ltd. - Jiama Mine
The Jiama copper-gold poly metallic mine is located approximately 68 kilometers northwest of the capital city of Lhasa in Tibet Autonomous Region. Commercial production commenced in September of 2010. Copper production for 2012 is estimated to reach up to 11,500 tonnes with some gold and silver. The Company is currently conducting its Phase II production expansion.
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.