Sunrise complete purchase of Chinese iron mines

July 4th (Steel Guru) – Sunrise Consulting Group Inc announced that it have completed their due diligence and are making final preparations to acquire the Cao Tin Iron Ore Mines in Hunan Province, China.

According to the release the process had been delayed for several months due to heavy snow storms in February, which resulted in many landslides caused by the melting of snow in the mountainous areas.

Mr Raymond Chin CEO OF Sunrise said “We are very excited to have now completed this final phase of fact-finding and anticipate final completion of the agreement to occur very soon. Worldwide prices of iron ore have increased more than 100% since December 2007, and we are well-positioned to capitalize on this situation. We look forward to a long lasting profitable return from these mines and see a bright future ahead of us at Sunrise.”