 | |
| Formerly | Lucero Resources |
|---|---|
| TSX-V: DYG | |
| Industry | Mining |
| Headquarters | , |
Key people | Ivy Chong, President & CEO |
| Subsidiaries | Terrawest Minerals Inc. |
| Website | dynastygoldcorp |
Dynasty Gold Corp. is a Canadian mining company that operates mainly in Canada and China.
Dynasty Gold Corporation is a gold and silver mining company with headquarters on Granville Street in Vancouver, Canada. The company is led by Ivy Chong, the president and CEO, [1] Larry Kornze is the Vice President of Exploration. [2] Previously, geologist Jonathan George led the company with Stuart Angus as the corporate secretary. [3]
The company is not a member of the Mining Association of Canada. [4]
Terrawest Minerals Inc. is a fully owned subsidiary of Dynasty Gold Corp [5] and operates in the People's Republic of China. [6]
The company owns the Thundercloud Property, which is located 47 kilometres west of Dryden, Ontario [7] in the central Wabigoon greenstone belt of Ontario, Canada. [8] It also has 70% ownership [4] of the 1,000 square kilometre [9] Hatu gold mine in Tuoli County [3] [4] in Xinjiang, China [10] [11] Dynasty Gold started the gold mine in May 2003. [3]
In 2004 Dynasty Gold was an 80% shareholder of joint ventures in Hami, Xinjiang, the Red Valley project in Qinghai and the Wildhorse project in Gansu. [3] The Red Valley and Woldhorse projects are located on the Qilian metallogenic belt. [3]
The company also owns the Golden Repeat property in Midas, Nevada. [12]
Initially the company was called Lucero Resources and operated in gold and copper mining in Chile. [3]
In 2003, the company became one of the first Canadian mining companies to operate in China. [9]
In 2022, the company's Thundercloud property was estimated to hold 182,000 ounces of gold. The company purchased the property from Teck Resources. [7]
The company's Qi2 gold mine in Hatu, China has an estimated 546,000 ounces of gold. [4] Since 2016, [2] the company was engaged in a legal dispute its business partner, the state mining company Xinjiang Non-Ferrous Metals Group. [4]
After not receiving a satisfactory response to 2022 enquiries about the company's possible use of Uyghur forced labour in China, the Canadian Ombudsperson for Responsible Enterprise announced a probe into the company on July 11, 2023. [13] [14] [15] The company had previously been named in a 2020 report by the Australian Strategic Policy Institute, along with Nike Canada, as companies who used Uyghur forced labour. The company claimed that it does not have operational control of the mine. [16]
Cobalt is a town in Timiskaming District, Ontario, Canada. It had a population of 989 at the 2021 Census.
Salt mining extracts natural salt deposits from underground. The mined salt is usually in the form of halite, and extracted from evaporite formations.
First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016.
The Xinjiang Production and Construction Corps, also known as Bingtuan, trading with the external name China Xinjiang Group, is a state-owned enterprise and paramilitary organization in China's Xinjiang Uyghur Autonomous Region.
Skechers USA, Inc. is an American multinational footwear and apparel company. Headquartered in Manhattan Beach, California, it was founded in 1992 and is the third largest footwear brand in the United States.
Hami or Kumul is a prefecture-level city in eastern Xinjiang, China. It is well known for sweet Hami melons. In early 2016, the former Hami county-level city merged with Hami Prefecture to form the Hami prefecture-level city with the county-level city becoming Yizhou District. Since the Han dynasty, Hami has been known for its production of agricultural products and raw resources.
Gold mining in the People's Republic of China has made that country the world's largest gold producer. In 2022, China mined 403 tons of gold. Data indicates the marginal costs are often above the world price for gold. For the year 2007, gold output rose 12% from 2006 to 276 tonnes to become the world's largest for the first time—overtaking South Africa, which produced 272 tonnes. South Africa had until then been the largest for 101 years straight since 1905. The major reasons for this change in position had been due to South African production falling by 50% in the past decade as production costs there have risen, more stringent safety regulations have been implemented, and existing mines have become depleted. In 2014, production had increased to 450 tonnes.
Xinjiang, officially the Xinjiang Uygur Autonomous Region, is an autonomous region of the People's Republic of China (PRC), located in the northwest of the country at the crossroads of Central Asia and East Asia. Being the largest province-level division of China by area and the 8th-largest country subdivision in the world, Xinjiang spans over 1.6 million square kilometres (620,000 sq mi) and has about 25 million inhabitants. Xinjiang borders the countries of Afghanistan, India, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, Russia, and Tajikistan. The rugged Karakoram, Kunlun and Tian Shan mountain ranges occupy much of Xinjiang's borders, as well as its western and southern regions. The Aksai Chin and Trans-Karakoram Tract regions are claimed by India but administered by China. Xinjiang also borders the Tibet Autonomous Region and the provinces of Gansu and Qinghai. The most well-known route of the historic Silk Road ran through the territory from the east to its northwestern border.
Canadian Solar Inc. is a publicly traded company that manufactures solar PV modules and runs large scale solar projects.
Hangzhou Hikvision Digital Technology Co., Ltd., often shortened to Hikvision, is a Chinese state-owned manufacturer and supplier of video surveillance equipment for civilian and military purposes, headquartered in Hangzhou, Zhejiang. Due to its alleged involvement in mass surveillance of Uyghurs, the Xinjiang internment camps, and national security concerns, the company has been placed under sanctions from the U.S. and European governments.
Better Cotton is a non-profit, multistakeholder governance group that promotes better standards in cotton farming and practices across 22 countries. As of 2023, Better Cotton accounts for 22% of global cotton production. In the 2021-2022 cotton season, 2.2 million licensed farmers grew 5.4 million tonnes of Better Cotton. Partner retailers include H&M, Gap, IKEA, and Levi Strauss, and include funding partners from USAID.
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The Xinjiang internment camps, officially called vocational education and training centers by the government of China, are internment camps operated by the government of Xinjiang and the Chinese Communist Party Provincial Standing Committee. Human Rights Watch says that they have been used to indoctrinate Uyghurs and other Muslims since 2017 as part of a "people's war on terror", a policy announced in 2014. Thirty-seven countries have expressed support for China's government for "counter-terrorism and deradicalization measures", including countries such as Russia, Saudi Arabia, Cuba, and Venezuela; meanwhile 22 or 43 countries, depending on source, have called on China to respect the human rights of the Uyghur community, including countries such as Canada, Germany, Turkey and Japan. Xinjiang internment camps have been described as "the most extreme example of China's inhumane policies against Uighurs". The camps have been criticized by the subcommittee of the Canadian House of Commons Standing Committee on Foreign Affairs and International Development for persecution of Uyghurs in China, including mistreatment, rape, torture, and genocide.
Since 2014, the Chinese government has committed a series of ongoing human rights abuses against Uyghurs and other Turkic Muslim minorities in Xinjiang which has often been characterized as persecution or as genocide. There have been reports of mass arbitrary arrests and detention, torture, mass surveillance, cultural and religious persecution, family separation, forced labor, sexual violence, and violations of reproductive rights.
Adrian Nikolaus Zenz is a German anthropologist known for his studies of the Xinjiang internment camps and persecution of Uyghurs in China. He is a director and senior fellow in China studies at the Victims of Communism Memorial Foundation, an anti-communist think tank established by the US government and based in Washington, DC.
The Uyghur Forced Labor Prevention Act is a United States federal law that changed U.S. policy on China's Xinjiang Uyghur Autonomous Region with the goal of ensuring that American entities are not funding forced labor among ethnic minorities in the region. It was signed into law in December 2021 and took effect in June 2022.
Xinjiang is the leading producer of cotton in China, accounting for about 20% of the world's cotton production and 80% of China's domestic cotton production. Critics of the industry's practices have alleged widespread human rights abuses, prompting global boycotts. China rejects accusations that any human rights abuses occur either within the Xinjiang cotton industry or within China overall.
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