Posted in | News | Gold

Minco Gold Gives Update on Tugurige Gold Project

Minco Gold has provided an update on the Tugurige Gold Project. The company had earlier announced that it had entered into a joint venture with 208 Exploration Team, which is a subsidiary of China National Nuclear Corporation through its own 100% subsidiary Minco Mining.

As per the agreement Minco Gold is to purchase 51% interest in the Tugurige Gold Project which is located in Inner Mongolia in China.

However 208 Team has not complied with the conditions laid out in the Joint Venture agreement. Particular conditions that were not complied with included the company’s responsibility to set up a new entity company called the JV co and its obligation to transfer its 100% interest in the Tugurige Gold Project. Due to the non-compliance from 208 Team, Minco Gold is in the process of resolving its dispute with 208 Team and due to this; the company has delayed the commissioning of the NI 43-101 compliant resource estimate on the property.

Minco China had earlier paid an advance consideration of C$9 million for the Tugurige Gold Project through the form of secured short term loans which were guaranteed by 208 Team. This consideration along with the interest has not yet been repaid to Minco China. The joint venture can be implemented only on the basis of approvals from the governmental agencies of China. Though the company is in the process of seeking these approvals, the confirmation of these approvals is not guaranteed.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Minco Capital Crop. (2019, February 18). Minco Gold Gives Update on Tugurige Gold Project. AZoMining. Retrieved on June 22, 2024 from

  • MLA

    Minco Capital Crop. "Minco Gold Gives Update on Tugurige Gold Project". AZoMining. 22 June 2024. <>.

  • Chicago

    Minco Capital Crop. "Minco Gold Gives Update on Tugurige Gold Project". AZoMining. (accessed June 22, 2024).

  • Harvard

    Minco Capital Crop. 2019. Minco Gold Gives Update on Tugurige Gold Project. AZoMining, viewed 22 June 2024,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.