Shandong, Oct 29, 2010 (ABN Newswire) - General Manager of Global Mining Division of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) ("CIBC") Mr. Terblanche recently led a team to Shangdong, China, visiting Shandong Gold (SHA:600547) and received a warm welcome.
Both parties exchanged their opinions on the acquisition of mining projects and reached preliminary agreement.
Wang Jianhua, Chairman of the Board of Shandong Gold briefed the guests on the Group's recent achievements in mineral exploration and development, explaining its stategic focus in China's 12th Five-Year Development Plan. Mr Wang wished to have the opportunity of leveraging on CIBC's extensive experience in mergers & acquisition and capital operation in the mining sector to help Shandong Gold build an overseas resource platform.
Mr. Terblanche introduced CIBC's current business development in China as well as their achievement in mining project acquisition and stock underwriting.
Shandong Gold Mining Co., Ltd (SHA:600547), a subsidiary of Shandong Gold Group is principally engaged in exploration, mining and smelting of gold mines. The Company also involves in purification, processing, production and distribution of precious metals, non-ferrous metal products and jewelry accessories, as well as manufacture and distribution of gold mining equipment, materials and construction materials. The Company’s major products are gold and silver.
Contact
Shandong Gold Group Fax: +86-0531-88932773 Tel: +86-0531-67710071