Jinshan Gold Mines Inc (TSX: JIN) announced the appointment of a new chief executive officer, Xin Song, to take over from Zhaoxue Sun who will remain chairman. Song is currently vice president at Jinshan’s 41 percent shareholder China National Gold Group, where he heads up the resource development and technology management division.
Jinshan Gold Mines is focused on gold production and acquisitions in China. The company began producing gold at the CSH Mine in July 2007 and it is actively advancing its portfolio of gold exploration properties in China.
The outgoing CEO Zhaoxue Sun commented: "Mr. Song has extensive experience in the mining industry, leading exploration and resource development. Mr. Song will provide strong leadership for the company as the company expands its platform for growth and pursues its strategy to become a leading global mining company,"
Additionally Jinshan also announced the appointment of Gregory Hall to the board. Hall is a seasoned geologist with over 30 years of experience in the mining industry and extensive experience working with global mining companies. He has been involved in the discoveries of Barrick Gold's Granny Smith mine, Rio Tinto's Yandi iron ore mine and the Keringal mine in Australia.
Last month Jinshan agreed the acquisition of the Jiama Gold property from China Natural Gold.
The Jiama property in Southern Tibet is currently in the development stage, and the current owners have nearly completed construction of a first stage of mining and processing infrastructure that establishes an underground mining operation with a production capacity of 6,000 tonnes per day.
The operation will produce a copper concentrate with gold and silver credits and a molybdenum concentrate. The property owners have also obtained relevant permits for initial mining operations on the property.