Xuefeng Mining Limited company (Snow Peak Mining Pty Ltd) is by Hongkong Xuefeng International Investment Limited (SPII) and Australia listed companies
Consolidated Tin Mines Ltd (ASX: CSD) combined composition. Has in 2013 January 29 completed 40 million dollar deal smooth takeover of the Kagara mining company (Kagara) in the hands of mining assets in the northern state of Queensland.Kagara The central part of the company includes Baal Gammon, Balcooma, Einasleigh, Maitland, Mt Garnet projects and Mt Garnet Central plant.
Has 511000 tons of @2.5% copper for the bank level, 20 @1.0% tons of million copper resources, 27000 tons of @9.2% zinc, 5.3% bank level of lead resources and 8.6 million@4.8% zinc.
Central plant has two production lines, a total of 1000000 tons of ore
Business plan
From 2014 to 2016, SPM plan annually processing 1 million tons of tin (tin content 0.8%), the average recovery rate is expected to reach 70%.This year, will be able to extract 5600 tons of tin and 300 thousand tons of iron ore, the recovery rate was 62%.The premise of the production is two sets of equipment for ore processing and refining.
After 2017, SPM will be based on the market price of metal type selection.In the business model memorandum, it is assumed that two sets of equipment are put into production each year to produce 500 thousand tons of copper and 500 thousand tons of tin respectively.
