China Mineral Company Announces Plans To Continue Expansion Through 2011

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After a strong 2011 and with the formation of successful funding partnerships, China Mineral Company plans to double its production by the end of 2012.

Hong Kong (I-Newswire) January 17, 2011 - With Gold prices still near $1400 and Silver near $30 per ounce, China Mineral Company plans to increase its production in 2011. After forming partnerships with venture capital firms in the latter half of 2010, China Mineral Company is focusing on raising capital and expanding production capabilities.

Analysts at China Mineral Company believe that both gold and silver are trading at stable levels and that they could likely increase throughout 2011 by 10-20%.

“Chinese domestic demand alone is huge, and with the government holding back the RMB, inflation is inevitable... with continued inflation in China, and around the world, Gold and Silver look like they will continue to increase in value.” - Clark Paulson, China Mineral Company Analyst

After a promising 2010 fourth quarter of raising capital through venture capital firms in the United States and Europe, China Mineral Company plans to continue to offer shares to non-Chinese citizens throughout 2011.

With capital projections from private investments in the first half of 2011, CMC expects to expand its mining and milling capabilities and double capacity by the end of 2012.

About China Mineral Company:
China Mineral Company Ltd. was formed in 2007 to explore unallocated tracts of land abutting the Yashan gold mine, where there was expected to be an abundance of silver. After initial surveys found not just silver, but extractable gold, the Company launched its initial round of fundraising. The company has since come to agreement with the Chinese government and was able to begin operations in the middle of 2008.

Company Contact Information
China Mineral Company
Clair Barton
Level 15-Yintai Office Tower C
2 Jianguonenwai Avenue, Chaoyang District, Beijing, China
China
Phone : 8613502259111

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Industry > Mining / Metals

Tags:

gold venture capital China silver expansion partnership commodity minerals gold prices inflation China Gold China Mining China Mineral

Published on:

January 17, 2011

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