Chinese companies spending billions on two new mining projects in Tibet

5 months ago

(TibetanReview.net, Dec09’25) – A Hong Kong-listed major Chinese jewellery and fresh food retailer and its partners are investing billions of yuan into two mining projects in southern Tibet, aiming for progress from initial drilling to development decisions over the next two years, reported inimize.com Dec 8.

The report said Mount Everest Gold Group and its partners were gearing up to spend as much as 1.75 billion yuan (around $245 million) on two major mining projects in Lhokha and Shigatse cities over the next two years. They will push the mining sites at locations in these two cities from early-stage drilling toward concrete development decisions.

The report said the company was allocatin...

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