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Shetongmon Copper Mine Awaiting Final go-ahead


(Reuters) Canadian-based Continental Minerals is awaiting Beijing's finalapproval for a planned $520 million copper and gold mine in the TAR. The companyhas submitted final paperwork for the Shetongmon (Chin: Xietongmen) mine nearShigatse in Tibet, and financing is still in place despite a sharp globaldecrease in lending, said chief executive David Copeland. Xu Weiqin, who runs aclearing house for buying and selling mining stakes in Lhasa told Reuters:"There's a lot of interest in Tibet from miners. It's one of the few virginterritories left in China".

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