Huayu Mining and Talco Gold to control roughly 15% of antimony supply worldwide
2018-06-28 16:10:42 [Print]
The commencement ceremony of Talco Gold was held in Kangqiaoqi Mine in Tajikistan recently and Rakhmon, the president of the country, delivered a speech in the ceremony. Talco Gold was jointly established by Tajik Aluminum Company and Huayu Mining. With the establishment of Talco Gold, Huayu Mining will control the supply of roughly 15% of antimony metal in the world and play an important part in pricing and decision-making rights within global antimony ore industry in the future.
It's learned that Talco Gold owns a mining license. In accordance with the reserves record issued by National Resource Reserves Commission of Tajikistan, there are 23 million tons of resource reserves (grade: C1+ C2) within the mining district, containing 49,897.11kg of gold and 264,616t of antimony. With its projects still in construction, Talco Gold hasn't generated revenues. On March 30th, Talco Gold held the first meeting of shareholders after its establishment, formulating the subsequent development strategy, based on which Talco Gold will start to make profits in 2019 and then go public in Hong Kong.
Engaging in the exploration, mining, processing and selling of lead, zinc, antimony, gold, silver, copper and other non-ferrous metals, Huayu Mining plays an important role in China in reserves and dealing volumes of antimony ores as well as the output of antimony concentrate. Projects of Huayu Mining are largely located in plateaus in Tibet, Qinghai, Henan and Guangxi and other regions.
It's learned that Talco Gold owns a mining license. In accordance with the reserves record issued by National Resource Reserves Commission of Tajikistan, there are 23 million tons of resource reserves (grade: C1+ C2) within the mining district, containing 49,897.11kg of gold and 264,616t of antimony. With its projects still in construction, Talco Gold hasn't generated revenues. On March 30th, Talco Gold held the first meeting of shareholders after its establishment, formulating the subsequent development strategy, based on which Talco Gold will start to make profits in 2019 and then go public in Hong Kong.
Engaging in the exploration, mining, processing and selling of lead, zinc, antimony, gold, silver, copper and other non-ferrous metals, Huayu Mining plays an important role in China in reserves and dealing volumes of antimony ores as well as the output of antimony concentrate. Projects of Huayu Mining are largely located in plateaus in Tibet, Qinghai, Henan and Guangxi and other regions.
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