| Risk and valuation analysis of the LM Mine |
| Status Risk : Mine development |
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| Title(s) of the LM Mine |
 | VanEck Vectors Global Alternative Energy ETF
Owner: 70% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The HPG Project is 100% owned by Henan Huawei Mining Co. Ltd., a sino-foreign cooperative JV company owned 70% by Silvercorp (through a wholly owned Chinese subsidiary) and 30% by Luoning Huatai Mining Development Co. Ltd. (a private company). The cost to acquire the mine was approximately US$6.85-million. |
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| Location of the LM Mine |
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Located directly southeast of the Ying mine (240 km southwest of Zhenzhou, the capital city of Henan Province in central China), the LM mine operates under a mining permit covering an area of 3.07 km2.
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| History of the LM Mine |
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Mining and exploration activities began in 2005 and the LM mine was producing approx. 300 tonnes of ores per day by 2007. No resource was estimated as the previous operator was only interested in mining any ore shoots found along the veins. Most mi more...
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| Geology of the LM Mine |
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The LM mining permit area is underlain by a highly metamorphosed basement of Archean-aged mafic to felsic gneisses, similar to the Ying and HPG project areas. At least 8 mineralized vein structures have been identified and mapped in the LM area to da more...
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