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Home > Mines, Quarries & Sites > Xietongmen Copper Mine

Xietongmen Copper Mine (China)

BEIJING, Nov 12 (Reuters) - Continental Minerals (KMK.V) is awaiting central government approval for a planned $520 million copper and gold mine in Tibet, which will utilize a new railway to ship ores to a smelter in inland China.

Financing from underwriters Standard Bank and Industrial and Commercial Bank of China, or ICBC, is still in the works despite a sharp global decrease in lending due to the financial crisis, said chief executive David Copeland.

The company has submitted final paperwork, including a reclamation plan, for the complex Xietongmen mine. The mine requires a series of tailing dams and water diversion engineering to prevent mining waste from contaminating the Yaluzangbu River, in arid western Tibet, said Dickson Hall, vice president of business development.

Reuters 2008.

Photos of Xietongmen Copper Mine

Historic Photographs Of Xietongmen
Historic Photographs Of Xietongmen (0 photos)
Last updated December 23rd 2008 by carnkie
Photographs Of Xietongmen
Photographs Of Xietongmen (0 photos)
Last updated December 23rd 2008 by carnkie

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