SHFE Market Movement (2015-11-27)

According to foreign media reports, Ora Banda Mining increased the newly discovered resources at Round Dam tenfold in just over six months. The mining area is very close to the company's Davyhurst beneficiation plant in Western Australia. The Round Dam gold mine was discovered long ago, but its large gold system was not identified until August last year. In terms of resource classification, measured resources were 408,000 ounces, and inferred resources were 922,000 ounces.

On March 7, according to an announcement by Xingye Silver&Tin, Xiwuzhumuqin Banner Budun Yingen Mining Co., Ltd., a managed company of Inner Mongolia Xingye Silver&Tin Mining Co., Ltd., recently obtained the Reply on the Approval of the 2.97 million mt/year Underground Mining and Beneficiation Project for the Silver Mine in the Budunwula Mining Area of Budun Yingen Mining Co., Ltd., Xiwuzhumuqin Banner, Xilingol League, Inner Mongolia, issued by the Development and Reform Commission of the Inner Mongolia Autonomous Region to the Development and Reform Commission of Xilingol League. Budun Yingen Mining will implement an underground silver mining and beneficiation project in the mining area, with a construction scale of 2.97 million mt/year.