October 14, 2011 Sinovus Mining Limited annouced that its indirect 90% owned Henan Yangshan Mining Co. Ltd has agreed to acquire from Henan Guiyuan Enterprise Co. Ltd and Gushi Ruituo Mining Ltd. a 35% interest in the Qingfeng Granite Project; at the same time, Gushi has agreed to acquire Henan's claim in the Xinyuan coal mine.
July 8, 2010 Sinovus Mining Limited announced that the Company has been advised by the Henan Provincial Government that both the Company’s YangShan and XinYuan coal mines will be subject to a compulsory merger with larger coal mining companies as part of a “consolidation” program.
