rmarc
11 years ago
This is what China Minerals Mining (HWTHF) was supposed to be. However, China Minerals Mining has an ignorant, stupid, gullible, incompetent Chinese CEO named Ling Zhu. Zhu & the rest of the Chinese bozos at Skyocean have proved they don't have what it takes to deliver the goods for HWTHF shareholders. Zhu & the Skyocean Chinese are way out of their league.
China's top gold firm talking to Barrick, has Friedland 'hotline'
Frik Els | June 17, 2014
China's largest gold mining company, China National Gold, is officially setting up shop in junior mining hub Vancouver this week as part of a push into new markets and its global acquisition strategy.
President Xin Song told the Wall Street Journal ahead of Wednesday's event, the Beijing-based firm is on the hunt for global acquisitions and partnerships in gold, silver and copper:
"The growing strategy is very clear, we are going out looking at things globally. On our hands we have a few opportunities, at different stages."
Song, who also chairs the China Gold Association, has not ruled out acquisitions in developed countries, such as Canada, Australia and the US, but the main focus of its expansion strategy is assets in the region including in Mongolia, Russia and countries in central Asia.
Investments in "politically stable" countries in Latin America and Africa are also being considered Song said.
Rumours were circulating last year that China Gold could buy into Ivanhoe Mines, Robert Friedland's latest creation with copper projects in the Democratic Republic of Congo and platinum mines in South Africa.
A deal is not likely to include an investment in the giant Pascua Lama project
Song told the paper China Gold has a long relationship with the billionaire mining financier:
"We keep a hotline" open with the entrepreneur, he said. "But we need to figure what the advantage points where we can work together. Just like a marriage we have to know the common benefit."
China National Gold also confirmed recent talks about potential partnerships with Barrick Gold, the world's top listed gold producer.
Song said at the moment these opportunities are not likely to include an investment in the giant Pascua Lama project straddling Chile and Argentina. Barrick stopped construction of Pascua Lama in October as part of its debt-reduction program and after fierce opposition from local communities and environmental groups.
The Toronto-based miner has already spent $5 billion on the project which could have a final bill in excess of $8.5 billion after a series of cost overruns.
rmarc
14 years ago
Silvercorp unit buys 2 Chinese miners.
Mon Aug 22, 2011 12:49pm
Aug 22 (Reuters) - Canadian miner Silvercorp Metals Inc said its majority unit agreed to buy a 90 percent stake in two Chinese mining companies for $4.3 million in cash.
The unit, Henan Found Mining Co, will also pay $6.1 million to pay off the outstanding debt of Zhongxing Mining Co Ltd and Chuanxin Mining Co Ltd, both based in China's Henan Province.
Zhongxing's XBG mine located in Luoyang City, Henan, has high-grade silver-gold-lead-zinc deposits, while Chuanxin's assets include a 350 tonnes-per-day floatation mill.
Chuanxin has an environmental permit to construct a 1,000 tonnes per day floatation mill as well......
Of course the Skyocean Chinkies could have bought these properties but these Chinkies are proving to be as bumbling & incompetent as the Barclay/Beley disaster team.
rmarc
14 years ago
It has now been three months since the Skyocean Chinese took control of the company. In that three month period they have accomplished only one thing, a big time drop in the share price & destruction of shareholder value. The Barclay/Beley failure team is still calling the shots, & that is very ominous for all shareholders. The Chinese sent the "Beijing delegation" to evaluate Table Mountain months ago & have disclosed nothing, another very ominous sign. The Skyocean Chinese were supposed to put $50 to $100 million in the company for acquisitions, but have failed to come up with the money & no acquisitions. SHOW ME THE MONEY. Money talks & Chinese BS walks. It won't take long for the Barclay/Beley failure team to blow through the $7 million the Skyocean Chinese bought their shares for, with perhaps with nothing to show for it. Other than the Skyocean Chinese, other Chinese investors refuse to invest a dime in the company, a big fat red flag for shareholders. The Barclay/Beley jack offs were duped by the Skyocean Chinese & the shareholders are paying the price as usual for the Barclay/Beley stupidity & incompetence. I hope I will be proved wrong but the only thing that tells the true story is the share price.
rmarc
14 years ago
"Where the combination of knowledge, experience and culture brings mineral exploration and development to a new level"
When two well known patriarchs of the Canadian mining industry were asked to visit Beijing a year and a half ago they didn't know what to expect from their hosts but knew it was a meeting they couldn't afford to miss. Founders of Bema and Eldorado Gold Corporations, Richard Barclay and Michael Beley found themselves in a meeting with a major shareholder of their most recent entry into the sector. The meeting culminated in the creation of a new entity that truly personifies the "East meets west" adage.
CMMC is the offspring of Canada's Hawthorne Gold Corp. and its new parent; a private Beijing based Development Company Skyocean Holding Co. Ltd. Plans call for the creation of a significant mining concern, global in scale and encompassing the acquisition and development of a wide range of precious and base metal projects. The Company which currently trades publicly on the Toronto Venture Exchange (TSX-V "CMV") hopes to meet the necessary requirements and list on the Hong Kong Exchange as soon as possible. The Company believes that its presence in Hong Kong is a very important dynamic to future growth.
The new entity now based in Beijing with Canadian offices located in Vancouver also sees itself opening a branch office in Hong Kong sometime soon. Management expertise has been drawn from both sides with appointments from Beijing, Jian Zhang to Chairman and Dr. Shijia Tang to the position of Chief Executive Officer. From the West, Michael Beley will serve as Director and Executive Advisor to the Chairman and Richard Barclay will serve as Director and Executive Vice President.
The Company plans further development at two gold projects previously held by Hawthorne located in the famous Cassiar Mining Region of British Columbia. The Table Mountain Gold Project is a fully permitted camp with onsite milling capacity of 250 tonnes of ore per day. The Company is moving toward re-opening the mine and bringing gold production on line as soon as feasible. The nearby Taurus Project boasts a one million ounce gold resource that will also be the focus of ongoing development. The door is now open to accept project submissions and a metals trading division will open soon.
In bringing these two worlds together, Chinese wisdom and Western knowledge a new approach to mining has been conceived.
Grahamber
14 years ago
Guys, is this true, and if so, how good is this?
HWTHF China Minerals Mining Corp
Latest News Headlines for China Minerals Mining Corp
Approved Name Change-Hawthorne Gold Corp. to Become China Minerals Mining Corporation
1 days 3 hours 32 minutes ago - Marketwire
China Minerals Mining Corporation (TSX VENTURE: CMV) - The Company is very pleased to announce that effective at the opening April 5, 2011 Hawthorne Gold Corp. will officially be re-named China Minerals Mining Corporation. Shares for the Company will now trade under the TSX-V ticker symbol "CMV". The Company previously traded under the symbol "HGC".
Approved Name Change-Hawthorne Gold Corp. to Become China Minerals Mining Corporation
1 days 3 hours 33 minutes ago - Marketwire Canada
China Minerals Mining Corporation (TSX VENTURE:CMV) - The Company is very pleased to announce that effective at the opening April 5, 2011 Hawthorne Gold Corp. will officially be re-named China Minerals Mining Corporation. Shares for the Company will now trade under the TSX-V ticker symbol "CMV". The Company previously traded under the symbol "HGC".
View more recent headlines.
wshaw14
14 years ago
This one looks very real. To the point that a Chinese company seems to be taking over control. Here is the most recent I have been able to put together to this point: (As at April 29, 2010)
Shares Outstanding 96,453,914
Options (Exercise Price: $0.40 - $1.60) 6,787,000
Warrants (Exercise Price: $0.40 - $0.51) 11,342,857
Fully Diluted 114,583,791
rmarc
14 years ago
Hawthorne Closes Second Tranche of Private Placement for Gross Proceeds of $7,555,000 and Announces Changes in Directors and Officers
Press Release Source: Hawthorne Gold Corp. On Wednesday March 23, 2011, 11:55 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/23/11) - Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V:HGC - News)(PINK SHEETS:HWTHF - News) is pleased to announce that further to its news release of February 2, 2011, the Company has closed the second and final tranche of the non-brokered private placement (the "Private Placement") and issued 68,681,818 common shares in the capital of the Company ("Shares") at the price of $0.11 per Share for gross proceeds of $7,555,000.
The Shares issued under the final tranche of the Private Placement are subject to a statutory hold period expiring on July 24, 2011.
The funds raised from the issuance of the Shares will be used for exploration and development at the Company's Cassiar Gold Camp, as well as for general corporate and working capital purposes.
"The closing of the private placement with Skyocean opens a new and exciting chapter for the Company. We look forward to a long and mutually beneficial relationship with our new major shareholder" stated Richard Barclay.
Changes to the Board and Management
As announced in the Company's news release of January 6, 2011 (the "January 6th News Release"), subject to final regulatory approval, Jian Zhang has been appointed as a director of the Company to replace Dale A. Sketchley who has resigned from the Board. Michael Beley has resigned as the Chairman and Richard Barclay has resigned as the President and Chief Executive Officer of the Company. Mr. Zhang has been appointed Chairman of the Company and Dr. Shijia Tang has been appointed Chief Executive Officer of the Company. Messrs Beley and Barclay will remain directors of the Company. For further details on Mr. Zhang and Dr. Shijia Tang please see the January 6th News Release.
Name Change
The Company is in the process of applying to the TSX Venture Exchange to request approval for the change of the Company's name to China Minerals Mining Corporation
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
TenKay
7 years ago
Renee
8 years ago
Hot Features
Premium
