China Mineral Company Publicizes Expansion Plan

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China Mineral Company is now working with non-Chinese firms to offer shares to non-Chinese citizens.

(I-Newswire) November 20, 2009 - China Mineral Company (“CMC”), a private enterprise formed in 2007, has had an strong showing this fiscal year and is now launching an interesting new development plan. Aside from continued development of milling facilities, the Company plans to enter into trading agreement with their funding partners, whereby they will utilize trading platforms to help the company sell futures contracts into the market at periods that gold prices are at higher levels and to withhold gold from the market when indicators show that prices are at lower levels.

The Company's independent analysts expect that utilizing this strategy, coupled with a plan to improve production and processing through additional capital outlays, will increase operating earnings by at least 10% over current levels.

CMC hopes to expand by raising capital with a series of Venture Capital firms located in China as well as in the United States and in Europe. The company is now working with non-Chinese firms to offer shares to non-Chinese citizens. The company's initial funding partners, due to their substantial stakes in CMC, have helped the company in their corporate governance, establishing a corporate structure that is in compliance with the standards of the US and the major European Markets. Three separate share series’ have been created and will be sold on Chinese and non Chinese markets within the next two years.

About China Mineral Company:
China Mineral Company Ltd. was formed in 2007 to explore unallocated tracts of land abutting the Yashan gold mine, where there was expected to be an abundance of silver. After initial surveys found not just silver, but extractable gold, the Company launched its initial round of fundraising. The company has since come to agreement with the Chinese government and was able to begin operations in the middle of 2008.

Company Contact Information
China Mineral Company
Clair Barton
Level 15-Yintai Office Tower C
2 Jianguonenwai Avenue, Chaoyang District, Beijing, China
China
Phone : 8613502259111

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gold China China Mineral Company Tad Brooks

Published on:

November 20, 2009

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