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March 24, 2011 /PRNewswire/ -- CHINA NATURAL RESOURCES, INC. (Nasdaq: CHNR), a company based in
the People's Republic of China, today announced that it had engaged
Behre Dolbear Asia, Inc., a subsidiary of Behre Dolbear Group Inc., to perform Independent Technical Analyses of the Company's seven anthracite coal mine properties located in
Guizhou Province in
the People's Republic of China. It is anticipated that the Independent Technical Analyses will be prepared in accordance with, and will comply with, inter alia, Securities and Exchange Commission Industry Guide 7, which is applicable to the reporting of mineral resources and reserves.
The mines which are the subject of the Technical Analyses are Yongsheng Coal Mine, Dayun Coal Mine, Baiping Coal Mine, Dayuan Coal Mine, Linjiaao Coal Mine, Xinsong Coal Mine and Gouchang Coal Mine. It is anticipated that completion of the Independent Technical Analyses will occur in approximately two months.
Behre Dolbear Group Inc. is an international mineral industry advisory and consulting group, with offices in 11 cities internationally including in
the United States,
Chile. The firm specializes in performing mineral industry studies for mining companies, financial institutions and natural resource firms.
Mr. Feilie Li, the Company's Chairman and CEO, commented on the engagement of
Behre Dolbear: "The independent technical reports to be prepared by
Behre Dolbear are intended to enable the Company to provide useful, transparent and internationally comparable coal reserve information to the shareholders and the investment community. We are positive about the prospects for the coal mining industry in the PRC and we will continue to pursue growth through acquisition and consolidation of small to medium sized coal mines."
About China Natural Resources, Inc.: