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SHANDONG GOLD MINING SEES RAPID GROWTH IN CORE BUSINESS REVENUE.

Asia Africa Intelligence Wire

| August 29, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

BEIJING, Aug 29 Asia Pulse - Shandong Gold Mining Co. Ltd (SSX:600547) in east China's Shandong Province realized 2.249 billion yuan (US$277.6 million) of core business revenue in the first half of this year, up 1156.87 per cent year-on-year.

The company's semi-annual report indicates that during the period, the firm achieved the core business profits of 59 million yuan and a net profit of 34 million yuan, up 23.01 per cent and 5.5 per cent year-on-year respectively.

Shandong Gold Mining attributes the growth of its core business revenue to the growing demand for gold on the world market.

It is reported that the company …

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