Sino Mining expands gold interests in China

摘要

Sydney-based Sino Mining has entered into a joint venture with the Deyang Mineral Resources Development Co of China to explore gold deposits in Sichuan province, with a view to constructing a mining operation in the future.Sino Mining Jinkang will by 51 percent held by Sino Mining's wholly-owned subsidiary Sino Mining Sichuan for an initial period of five years, with the Chinese partner taking the remaining stake. Thereafter Sino Mining has the option of increasing its stake to 75 percent on condition that it invests