China Daye Non-Ferrous Metals Mining Limited Stock Market Press Releases and Company Profile

View in Other Languages 中国大冶有色金属矿业有限公司(HKG:0661)与新疆伊犁哈萨克自治州正式签署战略合作框架协定 China National Resources (HKG:0661) Signs a Strategic Corporation Framework Agreement between China Daye Non-Ferrous Metals Mining Limited and the Government of Xinjiang Ili Kazakh Autonomous Prefecture  中國大冶有色金屬礦業有限公司(HKG:0661)與新疆伊犁哈薩克自治州正式簽署戰略合作框架協定 
China National Resources (HKG:0661) Signs a Strategic Corporation Framework Agreement between China Daye Non-Ferrous Metals Mining Limited and the Government of Xinjiang Ili Kazakh Autonomous Prefecture
China National Resources (HKG:0661) Signs a Strategic Corporation Framework Agreement between China Daye Non-Ferrous Metals Mining Limited and the Government of Xinjiang Ili Kazakh Autonomous Prefecture

Hong Kong, Aug 13, 2009 AEST (ABN Newswire) - China National Resources Development Limited ("China National Resources" or "the Group", HKG:0661), a natural mineral resources developer in the PRC, is pleased to announce that China Daye Non-ferrous Metals Mining Limited (the "Company") has signed a strategic cooperation framework agreement with the Government of Xinjiang Ili Kazakh Autonomous Prefecture of China (the "Ili Government") for the joint development of the nonferrous metals and mineral resources in Xinjiang on 5 August 2009.

The agreement provides that the parties thereto shall exchange their respective specialized resources, with an aim to expand and strengthen the non-ferrous metals industry in the Ili area by developing and integrating non-ferrous metals enterprises in the area. The project shall involve, in particular, the integration and development of five metallogenic belts in Ili area, In addition, the parties shall actively develop and exploit the non-ferrous metals resources in the neighbouring countries by capitalizing on the location advantage of Ili.

Ili Kazakh Autonomous Prefecture is located at the northwest border of China and northwest of Xinjiang, with the total area of 0.35 million sq. kilometer and possesses rich non-ferrous metals. Based on the current development and exploitation of non-ferrous metals and mineral resources in the area, the Ili Government shall promote resources integration and assist the Company in better deployment of non-ferrous metals and mineral resources in Ili, and to maximize the exploitation of resources. It would also give the Company preferential treatment in finance, taxation and land.

Commenting on the cooperation, Mr. Wan Biqi, Chairman of China National Resources said, "We are glad to form a strategic cooperation agreement with Ili Kazakh Government. A strong partnership between us was established which will create a synergy effect. We believe that the cooperation will secure the steady increment in mineral reserve of the Company, which is of material importance to the sustainable development of the Company. The Company believes that it will generate a considerable economic benefit to our investors in the long run."

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Issued by Porda International (Finance) PR Group for and on behalf of China National Resources Development Limited.

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