Diagram 1: Gold Production Process by CNMC at Sokor Gold Field
CNMC sells the gold dores to a licensed buyer in Kelantan at a ......Business Model of CNMC Goldmine Holdings Limited (‘CNMC’)
CNMC is a relatively young gold mining company founded in 2006 and headquartered in Singapore. Its principal activities are exploration and mining of gold, as well as the processing of mined ore into gold dore bars. It was listed in the Catalist Board in 2011. Its flagship project is the Sokor Gold Field, a mining area of approximately 10km2 located in the State of Kelantan, Malaysia. CNMC owns 81% of Sokor Gold Field, with the minority owned by the Kelantan government and royal family.
The business model of CNMC is relatively simple to understand. As shown in Diagram 1, it adopts a 5 step sequential process of mining, crushing, leaching, smelting and finally selling of gold dore bars.
