CNMC Goldmine Holdings Monday said it has entered into a technical services and co-operation agreement for mine development and technology consultation on gold production expansion with a unit of China National Gold Group Corporation, China's largest gold producer and a state-owned enterprise.
The deal was sealed between CNMC's 81-per-cent owned CMNM Mining Group Sdn Bhd and China Gold Guizhou Jinxing Gold Mining Industry Co Ltd on Saturday.
According to the agreement, China Gold will assign a qualified and experienced mine superintendent, mining engineers, production engineers specialising in gold heap leaching operation, as well as mine laboratory technicians to CNMC's Sokor Gold Project located in Kelantan State of Malaysia. The China Gold team will help manage, plan, design, construct, and oversee CNMC's gold production expansion programme for a one year period from March 1, 2013 to Feb 28, 2014.
CNMC said: "The company believes that with the added expertise of China Gold's team, its gold production expansion programme will be carried out even more expeditiously, and thereby, realising CNMC's objective of ramping up gold production.
Shanghai Oriental Heavy Industry Machinery Co.,Ltd
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