A Vancouver-based mining corporation, Silvercorp Metals has recently announced its plan to expand its operation in China by buying SX Gold Mining Co. for $23 million. With the exception on one property in B.C., all of Silvercorp’s operations are in China; this purchase would further expand Silvercorp’s ownership over several mining operations ongoing in China today. SX Gold, which operates a gold-silver-lead-zinc mine is a government-owned company and was auctioned by the city government. This purchase is labelled part of the intent to consolidate the mines and prospective projects in the high grade silver, gold, and base metal belt located in that region of China. With the increase control of mining operations, Silvercorp has been able to establish itself in the region as an effective explorer and developer, with a good reputation and has become the largest non-state-controlled company and one of the top tax payers in that city. Silvercorp’s chief executive stated that the company is now focusing on building shareholder value in order to increase general appeal. With a good name and increasing control over old and new mining operations, Silvercorp has the potential to develop into a big over sea mining company based in Vancouver and operating in China.