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Xanadu secures Zijin support for Mongolian copper project

Xanadu Mines is one step closer to finalising its phase two and three investment agreement for its Mongolian projects with Zijin Mining Group after the formal documentation for the deal was executed. Once approvals have been met, Xanadu will use Zijin’s investment to continue exploration of its prospective Red Mountain project in addition to making a final investment decision ....

Red Mountain , Colin Moorhead , Zijin Mining Group , Xanadu Mines , Khuiten Metals , Mines Chairman , Managing Director , Dornogovi Province , Newcrest Mining Owned , Cadia Hill ,

Xanadu gets FIRB nod for copper-gold deal in Mongolia

Xanadu Mines has received Australian Foreign Investment Review Board approval for Chinese mining giant Zijin to acquire shares in the company to develop its Kharmagtai copper-gold project in Mongolia. It is the first of three approvals required for Zijin to continue its three-phase investment in Xanadu that was announced in April. The project has a mineral resource estimate of ....

Red Mountain , Colin Moorhead , Xanadu Mines , Australian Foreign Investment Review Board , Chinese Government , Khuiten Metals , Mines Executive Chairman , Managing Director , Australian Government , Newcrest Mining Owned , Cadia Hill , Executive Manager ,