HONG KONG, 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 China, Mongolia, the United States, Canada, Australia, Mexico and 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.:
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV