GobiMin Inc., together with its subsidiaries, is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of China.
GobiMin holds an equity interest of 70% in a company incorporated in China to explore, develop and operate the Sawayaerdun Gold Project located in Xinjiang.
GobiMin also holds an equity interest of 38.30% in Loco Hong Kong Holdings Limited, a company incorporated in Hong Kong and the shares of which are listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited under the stock code 8162. It and its subsidiaries are principally engaged in the trading of metals and commodity forward contracts in Hong Kong.
In addition, GobiMin owns 40% equity interests each in three companies incorporated in China to engage in base metals and precious metal exploration, including nickel, copper and gold, in Xinjiang, and a 2.66% equity interest in the Yanxi Copper Property.
GobiMin is and will be in a solid financial position to develop its existing and potential projects.
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