China Minerals Mining Corporation: New Strategic Growth Plan
31 August 2011 - 5:01PM
Marketwired Canada
China Minerals Mining Corporation ("China Minerals" or the "Company") (TSX
VENTURE:CMV)(PINK SHEETS:HWTHF) advises that the Company is about to articulate
and implement a new strategic growth plan.
Subsequent to the change of the Board of Directors in late May and the
establishment of the Management Committee in mid July, the Company as assisted
by its advisors has conducted an extensive review of its current assets, which
include the Table Mountain and the Taurus gold projects. The review suggests
that fairly intensive further investment in exploration is required to prove up
the potential and further advance these properties. To mitigate exploration and
development risk, the Company is exploring various options for the current
assets including joint ventures and potential third party acquisition.
The Management Committee working closely with very skilled and experienced
advisors is evaluating undervalued assets from our "project pipeline", searching
for opportunities with significant upside potential. The financing of the early
phases of work on the selected targets will be from our own cash resources, and
additional financing can be available from other financial sources that the
Company is connected with.
The Management Committee will facilitate implementation of this strategy for
growth. The Company's treasury of approximately 7.6 million dollars provides it
with the financial resources to pursue all options available to protect and
build shareholder value.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Vancouver based exploration and
development company with offices located in both Vancouver and Beijing. China
Minerals Mining Corporation's ambition is to build an international mining
company with an appropriate portfolio.
For more information on China Minerals, you can visit the website at
www.chinamineralsmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
David Bo, Executive Chairman
China Minerals Mining Corporatio (TSXV:CMV)
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