Eldorado Gold buys into China
Bnamericas Published: Tuesday, May 31, 2005
Vancouver-based gold miner Eldorado Gold (TSX: ELD) has made its first foray into China by purchasing Afcan Mining in an all-stock transaction valued at Cdn$60mn (US$48mn), the company said in a statement. Eldorado was after Afcan's 85% stake in the Tanjianshan project in western China's Qinghai province. A feasibility study was completed on the property in April. The study estimated proven and probable reserves of 944,000oz of gold. Total gold production is expected to be 842,000oz over an eight-year mine life. Eldorado Gold operates the São Bento mine in Brazil, which produced 14,311oz at a total cash cost of US$407/oz in 1Q05. The company is also building the Kisladag mine in Turkey.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Brazil)
TIM, Alcoa take digital inclusion to remote communities in the Amazon
4G coverage benefits around 1,000 people in communities in western Pará, including three schools and a health unit.
Spotlight: Brazil's busy Q1 concessions and PPP agenda
So far, there are eight confirmed auctions for contracts to be offered on the Brazilian stock exchange, via concessions or PPPs, during the first q...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Novos Tempos
- Current stage:
- Updated:
2 weeks ago
- Project: Matupá (ex Guarantã)
- Current stage:
- Updated:
2 weeks ago
- Project: Boa Vista
- Current stage:
- Updated:
2 weeks ago
- Project: Juruena
- Current stage:
- Updated:
2 weeks ago
- Project: Serrita
- Current stage:
- Updated:
2 weeks ago
- Project: Palma
- Current stage:
- Updated:
2 weeks ago
- Project: Rio Piracicaba
- Current stage:
- Updated:
2 weeks ago
- Project: Tailings Filtering Plant (Minas - Rio System)
- Current stage:
- Updated:
2 weeks ago
- Project: Fazendinha
- Current stage:
- Updated:
2 weeks ago
- Project: Arari
- Current stage:
- Updated:
2 weeks ago
Other companies in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Empresa Construtora Brasil S.A. (ECB)
-
Empresa Construtora Brasil S.A. (ECB) works on engineering and construction of projects on road, railway, urban, industrial, port and airport, civil and mining infrastructure, n...
- Company: CRONIMET Brasil Ltda. (CRONIMET)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tra...
- Company: Brazil Iron Mineração Ltda. (Brazil Iron Mineração)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Belo Sun Mineração Ltda. (Belo Sun Mineração)
-
Belo Sun Mineração Ltda., established in 1986 in Altamira, is the Brazilian subsidiary of the Canadian mining company Belo Sun which is responsible for advancing the Volta Grand...
- Company: Pedra Branca do Brasil Mineração Ltda. (Pedra Branca do Brasil Mineração)
-
Pedra Branca do Brasil Mineração Ltda. is a Brazilian subsidiary of ValOre Metals through the firm PBBM Holdings Ltd. It holds 100% of mineral rights to Pedra Branca polymetalli...
- Company: Alfa Engenharia e Montagens Industriais (Alfa Engenharia)
-
The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
- Company: SEI Engenharia Ltda. (SEI Engenharia)
-
SEI appeared on the Brazilian market in 2000, as an option for quality and efficiency, initially in the areas of Mining, Metallurgy, Steel and Industry. Subsequently, it began i...
- Company: Wood Brasil
-
Wood Brasil is Wood's local subsidiary, a global consulting, project and operations solutions company in the energy and built environment sectors. Wood offers operation, mainten...
- Company: ArcelorMittal Vega (Vega)
-
ArcelorMittal Vega, Luxembourg-based ArcelorMittal's flat steel plant in southern Brazil, is an industrial unit specialized in the processing of flat carbon steel. The company w...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
