International news within the industry of mining and metal, Jan, 18 2019
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New Era announces exploration agreements in China

Photo: New Era Minerals
Photo: New Era Minerals
Published by
Simon Matthis - 13 Sep 2018

New Era Minerals announced two agreements in August entered into to advance its 95-percent owned Suyeke North nickel property located in Tuoli County, Tacheng Area, Xinjiang-Uyghur Autonomous Region, People’s Republic of China.

The company’s 95-percent indirectly owned subsidiary, Xinjiang Yongkun Mining has entered into a technical services agreement with Xinjiang Xinhui Geology and Mining, an arm’s length geological consulting firm based in Urumqi, Xinjiang, PRC, for the completion of a hydrological, engineering and environmental geology survey of the Suyeke North Property.

The budget for the survey work is CNY 617,700 (approximately C$117,600) and is expected to be carried out between August 10 and September 30, 2018.

New Era Minerals Inc., through its wholly-owned subsidiary, Haijin International Group Limited, owns 95% of Xinjiang Yongkun Mining Co., Ltd (“Yongkun”). Yongkun's principal activities are the exploration, evaluation and development of mineral property interests in the PRC, including Yongkun's 100%-owned Suyekebei (Suyeke North) nickel property located in Tuoli County, Tacheng Area, Xinjiang-Uyghur Autonomous Region, PRC.

Since the completion of the first test shipments in July 2018, Rio Tinto increased the number of autonomous tours along the Groups iron ore lines in Western Australia in a controlled manner. Now, Rio Tintos trains have travelled over one million kilometres completely autonomously. Photo credit: Rio Tinto company
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