Which company was given permission by the chinese government to mine gold in China?

was it sino gold (ASX:SGX; OTCPK:SIOGF)?if it is i want to invest in their stock. china hasn't let anybody mine gold there in over 50 years and china could potentially become one of the world's largest gold producers from huge mines that are currently not producing anything. there's an estimated 22 thousand tons of gold worth about 445 billion USD under Chinese soil. the stock price is cheap so i want to get in to make a profit.

Yes it was Sino Gold:

In Business Asia June 2005:

"After five years of negotiations, the small Australian-listed company last month received a permit to develop the $90 million Jinfeng mine in Guizhou province, which has gold reserves of more than 2 million ounces."

More recently (Nov 2006), Gold Fields (NYSE: GFI) have teamed up with Sino Gold on Chinese gold exploration and mining.

Lots of information about Sino Gold here:
http://www.asx.com.au/asx/statistics/ann...

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