Sydney, Dec 11, 2006 AEST (ABN Newswire) - Korab Resources (ASX: KOR) confirmed today that it has opened an office in Beijing, China following a visit to that country by the Company's Executive Chairman, Andrej CK Karpinski.
In August 2006, Korab Resources Ltd was invited to participate as an exhibitor in the China Mining 2006 Conference which was to be held in Beijing in November.
The Company has accepted this invitation and has sent a delegation to China to participate in the conference and to establish closer links with Chinese mining and metals groups.
The conference was attended by over 2,500 delegates from China and overseas including representatives from all major mining and metals companies based in China. Several hundred of the delegates have visited Korab's stand during the conference and have shown considerable interest in Company's projects and our long term plans.
Following the conference, Korab Resources has decided to establish permanent presence in China and has opened an office in Beijing.
The contact details for Korab's Beijing office are as follows:
Ms. Xu Chuanmei (Elizabeth)
Korab Resources Limited
Tel: +86-10-6417 7365
Fax: +86-10-6417 3702
Room 8121
A55 Xingfu Yicun,
Chaoyang, Beijing, 100027
People's Republic of China
Mr. Karpinski confirmed that Korab has begun early stage discussions with Chinese metals groups regarding potential partnership which would provide long term benefits to both sides but he went on to point out that the discussions are at an early stage.
"I don't want our investors to get all excited when there is still a long way to go before any deal can be consummated" - he said.
About Korab Resources Limited
Korab Resources Ltd (ASX:KOR) is an international mining and exploration company with operations in Australia and Europe. Korab's projects include Winchester magnesium carbonate deposit and Geolsec phosphate rock deposit at Batchelor in the Northern Territory of Australia as well as a gold and silver deposit at Bobrikovo in eastern Ukraine. The Company also explores for gold and copper at Ashburton Downs in Western Australia and for various metals and specialty minerals at Batchelor in the Northern Territory. Korab's shares are traded on Australian Securities Exchange (ASX) and on the Berlin Stock Exchange (Berliner Börse) through Equiduct electronic trading platform. More information about Korab's projects can be sourced from Korab's website at www.korab.com.au.
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