VANCOUVER, BRITISH COLUMBIA, Aug 18, 2011 (MARKETWIRE via COMTEX) -- China Gold International Resources Corp. Ltd. CA:CGG -5.24% (sehk:2099) (the "Company") is pleased to announce that its 100% owned Jiama Copper Poly-metallic mine was honored as one of the first integration mine sites by Ministry of Land and Resources of the People's Republic of China. The honor recognizes the commitment made by Jiama to optimizing overall performance, sustainability, environmental protection, use of technology, involvement and consultation with the local community. Out of a possible 60,000 mine sites in the PRC, there were a total of 47 mines in the People's Republic of China that were granted this recognition. Jiama was the only mine site in the Tibet autonomous region that was granted this honor.
Jiama was honored as an Integration site (a site where the previously fragmented mining activities and title claims were consolidated) in an effort to better optimize resource extraction and properly manage environmental exposures. Since acquiring the Jiama mine in December 2010, the Company has begun to study and further explore the Jiama mineral system.
Further, given the consolidation of all historical artisanal mining operation and title claims, the Company is better able to manage and reduce any environmental impact from the historical and future mining activities. The Company is dedicated to the commitment to employ, consult, involve, and distribute the benefits of the mining activity directly to the local community. The Company has set up the Jiama Development Corporation ("JDC") which is a joint venture between the Company and 655 households that live in the area of the project. This Corporation purchases goods for and provides services to the Jiama mine. In 2010 the JDC paid a dividend of 2023RMB which dramatically increased the per capita income of those households.
Dr. Xin Song, CEO of the Company commented, "I am pleased to be a part of a company with this type of attitude to sustainable development. That this honor represents the ability of operations at Jiama to be able to consolidate and integrate surrounding areas into one efficient operation creating an overall much improved environment for all involved."
About China Gold International Resources Corp. Ltd.:
The Company is a mineral development company focused on acquisitions, exploration, development, mining and processing of gold and other non-ferrous metals. The Company is listed on the Toronto Stock Exchange CA:CGG -5.24% and the Main Board of the Stock Exchange of Hong Kong Limited (sehk:2099). The Company has been designated as the overseas flagship vehicle of China National Gold, the only gold producer in China directly controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Forward-looking statements
Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Gold International Resources Corp. Ltd.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com . The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.