ENVIRONMENTAL & SOCIAL IMPACT ASSESSMENT FOR THE PROPOSED ALLUVIAL GOLD MINING ACTIVITIES ALONG THE BANKS OF THE MULUNGUSHI RIVER IN LUANO DISTRICT (License No. 28201-HQ-LEL)
Xingda Company Limited is a Zambian Registered Company, whose shareholders are involved in various business projects. The Project Developer is not involved in any mining but because of the need to diversify their operations, the Directors decided to venture into mining by registering a company, Xingda Company Limited, which they mandated to achieve the objectives in mining, which company has since employed experienced personnel in explorations, mining and management. Therefore, in order to deliver superior returns to shareholders over time, Xingda Company Limited intends to take a long term and responsible approach to the Group’s business. This means concentrating on the development alluvial Gold mine into large, first class, long life and efficient operations, capable of sustaining competitive advantage through business cycles. Xingda Company Limited is currently working on finalizing the feasibility study on its alluvial Gold Mine Project in Zambia.