On June 30th local time, the Ecuador project team of Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. officially settled in the site of the Kaigehao gold mine project in El Oro Province and carried out comprehensive preliminary preparations.

On the evening of June 29th at 22:00, the project team held a work meeting in Machala, Ecuador, with the management and project team members of Luoyang Molybdenum Group in attendance. The meeting established the on-site organizational structure, refined the division of responsibilities among the production technology group, supply chain and finance group, and comprehensive administrative group, and focused on deploying safety management and disease prevention and control measures, laying a solid foundation for subsequent work.

Luoyang Molybdenum Industry promises to adopt internationally advanced mining, beneficiation, and smelting technologies to accelerate the construction of the Kaigehao gold mine, with the goal of building a large-scale, low-cost world-class gold mine project. At the same time, the company will introduce its globally leading ESG (Environmental, Social, and Governance) management system to ensure efficient, green, and sustainable operation of projects, contributing to local economic development and community well-being.

According to the 2023 pre feasibility study report, the Kaigehao gold mine has a reserve of 1.376 billion tons, an average gold grade of 0.46 grams per ton (g/t), and a gold metal content of 638 tons; The reserve is 659 million tons, with an average gold grade of 0.55 grams per ton (g/t) and a gold metal content of 359 tons. The technical team evaluates that there is still room for further improvement in future resource reserves.

Luoyang Molybdenum Industry stated that it will fully leverage its professional advantages, efficiently promote projects while ensuring safety, and demonstrate the outstanding capabilities and social responsibility of Chinese enterprises in overseas mining development. (This article is from the official website www.seetao.com of Jian Dao. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website infrastructure engineering column editor/Yang Beihua