Shengda Metals' Honglin Mining Secures Safety Permit for Gold and Copper Mine Operations
On May 28, Shengda Metals announced that its subsidiary Honglin Mining obtained the Safety Production Permit for its mining area. The permit covers underground mining of gold and copper ore at a capacity of 396,000 mt/year. The cumulative identified resources (proven + probable + inferred) of the Caiyuanzi copper-gold mine of Honglin Mining totaled 6.056 million mt of ore, with a gold metal content of 17,049 kg at an average grade of 2.82 g/mt, and a copper metal content of 29,015 mt at an average grade of 0.48%.