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Home / Metal News / Yunnan Chihong Zinc and Germanium Company Report Progress at Lead-Zinc Ore Project in Canada
Yunnan Chihong Zinc and Germanium Company Report Progress at Lead-Zinc Ore Project in Canada
Jun 12, 2010 15:58Source:SMM
SHANGHAI, Jun. 12 (SMM) -- Yunnan Chihong Zinc and Germanium Company announced on June 4th that the company has reached agreements, concerning exploration, management and operations to benefit the two companies, with Selwyn Resources Ltd. Based on the agreement, a new joint venture will be set up in Canada, with both parties holding an equal 50% stake. Selwyn Resources Ltd. will shift all mining rights, mining leases, licenses, and assets of the Selwyn project as means of contributing investment to the new company, while Yunnan Chihong Zinc and Germanium Company will inject CAD 100 million into the new company as well.
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