mineral exploration project – commodity prices – mining stock- trade and market

Official Xinhua news agency reported China’s domestic gold production increased year reached 313.98 tons increased 11.34 percent. China’s domestic gold production from the mine site located in the province of Shandong, Henan, Jiangxi, Fujian and Yunnan. Gold production from the five provinces to reach a total 59.48 percent of China’s domestic gold production.

Official Xinhua news agency reported China’s domestic gold production increased year reached 313.98 tons increased 11.34 percent. China’s domestic gold production from the mine site located in the province of Shandong, Henan, Jiangxi, Fujian and Yunnan. Gold production from the five provinces to reach a total 59.48 percent of China’s domestic gold production.

Century Peak Metals Holdings Corporation is entering into negotiations with Guangdong Province Gold Corporation on drilling contracts over existing and prospective mining properties of CPMHC’s subsidiaries.

An impending mining boom in Eritrea will challenge oil-rich neighbours to make it easier for foreign companies to prospect across a massive geological structure in the region rich in base metals and gold, analysts say.

Jinshan Gold Mines to get loans from the China National Gold Group. Value of loans approved for U.S. $ 40 million. Loan facility must obtain approval from the Toronto Stock Exchange. The proceeds will be used by Jinshan Gold Mines to pay the bill draft which was published in December, 2006 valued at CDN $ 30 million and promissory notes issued in June, 2007 valued at CDN $ 12.5 million.

Gold mining company, Yukon-Nevada Gold signed a contract with the developer in Jerrit Canyon mines, Nevada. Mining site to be operated about 50 miles from Elko, Nevada. Mines operated by the United States Queenstake Resources, the mining subsidiary of Yukon-Nevada Gold Corp..

Gold mining exploration activity in the Cerro San Pedro Mine suspended, after the Federal Court of Fiscal and Administrative Justice, SEMARNAT, the Mexican government’s environmental protection agency canceled Environmental Impact Statement of the mine which was issued in 2006. PROFEPA, Mexico’s environmental enforcement agency, issued an order requiring MSX to suspend mining as a result of the cancellation of the EIS.