Jinchuan and Fox Resources to sign exploration agreement

June 18, 2008

June 18th (Steel Guru) – According to Mr Don Harper Managing Director of Fox Resources Company in Australia, the company is expected to sign an agreement with Jinchuan Group in extending to green field exploration.

At present, JNMC has already gained 11% shares of Fox which has a land area of 3,000 square kilometers in Australia that is rich in nickel, copper, iron ore and zinc resources.

Mr Don Harper said that JNMC will decide to add AUD 20 million extra investments on the green field project in the future two weeks. Presently, JNMC has an annual production of 130,000 tonnes of nickel, 200,000 tonnes of copper and 6,000 tonnes of cobalt.

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