This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

China Gold International Provides Full Support To The Government In Tibet's Landslide Rescue And Recovery Efforts

VANCOUVER, April 2, 2013 /PRNewswire/ - China Gold International Resources Corp. Ltd. (TSX: CGG) (HKEx: 2099) (the "Company" or "China Gold International Resources") reports that the Company and its controlling shareholder China National Gold Group Corporation ("CNG") are fully engaged in assisting the government with rescue work after the landslide occurred in Ze Ri Mountain, Pu Lang Valley, Si Bu Village, Zha Xi Gang Town, Mozhugongka County, Lhasa City, Tibet Autonomous Region of the People's Republic of China (the "Site").

The landslide occurred on March 29, 2013 at about 6 a.m. Beijing time.  This rescue work is top priority for the Chinese Central Government and the Government of the Tibet Autonomous Region who are heading the on-site emergency rescue. The 83 workers buried in the landslide are employed by 4 external independent contractors engaged by Tibet Huatailong Mining Development Ltd, the Company's wholly-owned subsidiary. The senior management of the Company and CNG, are assisting the rescue operation at the Site. Approximately 10,000 pieces of relief materials, 129 sets of machinery, equipment and vehicles and more than 1,000 experts have been deployed by the Company to the site, immediately after the landslide. CNG has immediately assembled the emergency rescue team which belongs to its subsidiary, the Inner Mongolia Bao Tou Xinda Gold Mining Industry Co., Ltd., and rushed the professional rescue equipment to the disaster site.

About 2 million cubic meters of rock and debris covered an area measuring about 3 kilometers in length. Jiama Mine production facilities are about 10 km away from the geological disaster site. No substantial impact and no damage on Jiama Mine's facilities occurred. The operations are ongoing. While continuing operations, some personnel as well as machinery and equipment have also been mobilized for rescue efforts at the same time.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,968.49 -167.23 -0.92%
S&P 500 2,089.56 -11.48 -0.55%
NASDAQ 4,971.4740 -11.3350 -0.23%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs