GGG Resources (LON: GGG, ASX:GGB) announced today that it had received the final payment of US$3.27 for the sale of its Nimu copper project in China.

The total payments from the Nimu disposal now amounts to US$ 7.4 million, or around £5 million, the company said today.

This is £0.7 million more than was budgeted for at the time of the GGG 2009 statutory accounts, it said.

It means the company no longer has any assets or obligations in China.

In July 2009, Central China Goldfields PLC, now GGG Resources, decided to accept the offer for its 30 percent stake in the Nimu project in China.

The company had announced the previous month that its local joint venture partner - the Sichuan Bureau of Metallurgy and Geological Exploration (SBMGE) - had approached it with a view to acquiring its interest in Nimu that it had earned after completing several seasons of exploration drilling, mapping, trenching and geological surveying.

Today, GGG thanked its former staff in China for all their hard work, particularly noting the efforts of former general manager Jackson (Huo Sen) in the handling of the transaction.

"Today, GGG Resources' plc sole geological asset is its 50 percent interest in the Bullabulling gold project in Western Australia.

"In addition to this GGG holds an 8.4 percent interest in its partner Auzex Resources. GGG no longer has any assets or obligations in China," said the company.