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Following the disposal of the Company's interest in Westralian Resources Pty Ltd on 29 September 2009, the Company has no further interest in mining operations in China or elsewhere. The Company is regarded as an investing company under the AIM Rules for Companies.
China Goldmines project hit by armed robbers, 5 tons high grade ore stolen
China Goldmines PLC (AIM: CGM) said a group of 50 or more people - some armed - broke into the premises of the Xiang Lu and the Bao Mu Yuan plant of its Guanzhuang gold mine and stole at least 5 tons of high-grade ore in an attack on May15 and 16. No one was injured.
In a production update, the group said there had been small scale incidents prior to this attack which were resolved by internal security and local police, but the latest attack represents an escalation due to the number of robbers involved, the use of weapons and the physical and verbal threats to staff. It all appeared to be well co-ordinated and organised, with the objective of stealing the high-grade ore more than 1,000 grams of gold per ton.
CGM's Chinese joint venture company, Hunan Westralian Mining Co Ltd, decided to temporarily close the Xiang Lu mine site for the safety of staff and to avoid further theft of high-grade ore.
China Goldmines is working closely with the county government and police in reviewing this attack and is taking all necessary action to help apprehend the culprits and ensure the safety of its workers.
















