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Company Information for Central China Goldfields

Company stock charts - 6 Month chart

Exchange AIM; GGG


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Company Statement

Central China Goldfields plc brings together a team with many years of technical, corporate and cross cultural management experience including decades of living and working in China. Combining our expertise with our network of contacts and understanding of Chinese business culture, we believe we are ideally placed to become one of the premier mining and exploration companies operating in China.

The Company was incorporated on 3 November 2004 and listed its shares on the London Stock Exchange’s AIM market on 30 March 2005. At the time of Admission to AIM, Central China Goldfields had only its Snow Mountain Gold Project located in Sichuan Province as the initial property.

Since listing on AIM, much progress has been made. We now have several joint ventures with Chinese partners, and are actively working in some of the most potentially productive yet under-explored regions in the country.

Vision and Group Strategy
The Company’s principal objective is to increase shareholder value by exploring for, acquiring and developing gold and other mineral prospects in the People’s Republic of China.

The vision of the Company is to become the premier mining and exploration company in China.

The Directors have set out a three pronged strategy to achieve this:

  • Organic growth through the utilisation of current geological concepts together with efficient and effective modern exploration technology
  • Development growth by expansion and modernisation of undervalued operating mines
  • Mergers and Acquisitions


Current Operations

Introduction to Central China Goldfield’s projects
China lies in a very prospective geological region. The collision of four continental fragments has created a series of belts conducive for mineralisation.

The Company currently has four projects which are located in some of the most prolific belts in China. Two of these projects (Nimu and Snow Mountain) have Flagship status.

Nimu Copper Project 
An advanced copper – molybdenum project. Our partner, the SBMGE, has defined +1.3 billion pounds of contained copper in oxide form. Central China has identified eight areas where copper may be concentrated and exploration work is continuing.

Snow Mountain Gold Project 
An advanced Carlin style gold deposit. Our partner, also the SBMGE, defined approximately 1 million ounces* of inferred resources. Details of these can be found in the Admission Document (March 2005) and in the Snow Mountain section.

Our two other projects are:

Dong Mao Huo
A small inactive gold mine with inferred resources of 130,000 oz of oxide gold. We are assessing the project to see if we can restart and increase the production of this mine.

De Ming Ding 
A grass roots exploration copper project close to the giant Qu Long copper deposit.


Geographical Spread

China


Board of Directors and Key Management

DIRECTORS
Nigel Bruce Clark Chairman
Dr Peter Anthony Ruxton Non-Executive Chairman
Dr Jeffrey Malaihollo Managing Director
Mr Paul McGroary Non-Executive Director
Patrick Aloysius Harford Non-Executive Director
John Merfyn Roberts Non-Executive Director

SENIOR MANAGEMENT
Ciceron “Jun” AngelesExploration Manager
Richard Shao JV Liaison Manager
Cai Lixin General Manager – Sichuan Snow Mountain Mining Exploration
Dr. “Jackson” Huo Sen General Manager – Nimu Project

Company Address

Peek House
20 Eastcheap
London, United Kingdom EC3M 1EB

Telephone:+44 (0) 20 7621 0200
Facsimile:+44 (0) 20 7621 0300
Email:info[at]ccgoldfields.com
Website:http://www.ccgoldfields.com

Additional Address/Key Contact

China Address
22 Gaopeng Avenue
Hi-tech South District
Chengdu
Sichuan 610041
P. R. China

Tel: +86 28 851-46632
Fax: +86 28 851-46631

Capital

Shares in Issue: 183,367,191

Nominated Brokers

HansonWesthouse Limited
12th Floor
One Angel Court
London EC2R 7HJ

Nominated Advisors

HansonWesthouse Limited
12th Floor
One Angel Court
London EC2R 7HJ

Major Shareholders

Shareholder No of Shares held Percentage of Issued Share Capital
Directors and Controlled Entities 15,284,029 8.3%
Genesis Investment Management Ltd 9,500,000 5.2%
JP Morgan Fleming 8,865,500 4.8%
Barclays plc 8,532,928 4.7%

Related News

27/08/08 - Central China Goldfields Has The Optimum Plan: Cash Flow From One Asset To Fund Exploration On Another
30/04/08 - Central China Goldfields Aims for Early Cash Flow

Most Recent Statement

06/10/09 - Appointment of Peter Antony Ruxton as Chairman
08/09/09 - Holding(s) in Company
03/09/09 - Appointment of Director
26/08/09 - Holding(s) in Company
30/07/09 - Post AGM Statement
27/05/09 - SIGNIFICANT RHENIUM RESULTS AT GANGJIANG LICENCE AREA

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