Zijin Mining to develop nickel mine in BurmaPublished by MAC on 2007-01-19
Zijin Mining to develop nickel mine in Burma
19th January 2007
Zijin Mining Corp. announced this week it will jointly develop a large nickel mine in Burma with a Chinese mining company.A company official with the securities department of Zijin Mining, which is listed in Hong Kong, said the mine is now being prospected by the two companies and a joint venture will be formed in Burma after it receives government approval from both sides.
She declined to identify the partner, saying it must remain confidential before the joint venture is officially established. The laterite nickel deposit is estimated to be 1 millions of ore at a 1.3 percent grade, the official said.
Construction of the mine is expected to begin in September and start operations in the second half of 2009.