JAGR Has Partnered With Pacific Coast Minerals on the Cascaronal Mine
07 April 2010 - 8:00PM
Marketwired
Jaguar Mining Enterprises, Inc. (PINKSHEETS: JAGR) announced today
that President and CEO Dale Williams has legally partnered with
Pacific Coast Minerals USA, LLC. and Pacific Coast Minerals S.A. de
C.V. herein referred to as PCM.
PCM is majority owned by Mr. Steven Reynolds with the SCR TRUST
and the trust is now one of the major stockholders in (JAGR). PCM
is one of the largest privately held mining companies in the world
controlling a large percentage of all iron ore reserves out of the
West and East Coast of Mexico and will soon be the world's leading
producers of iron ore. http://www.pacificcoastminerals.com
PCM has multiple annual contracts in excess of 25 million dry
metric tons of iron ore for the Cascaronal mine and PCM's other
mines which sell directly to importers in China, Taiwan and the
United States. Mr. Williams along with Mr. Reynolds stated, "We
anticipate that Cascaronal's first shipment of iron ore from the
Port of Manzanillo to China will be in the last week of May. We
will export a minimum of 7 million tons this year alone from the
Cascaronal mine and brand new crushing equipment is currently being
mobilized from the United States and will arrive in Manzanillo
Mexico shortly."
This partnership will increase JAGR production significantly and
an additional benefit is having the SCR TRUST also owning a global
shipping company that has its own loading berth for the vessels
already in the Port of Manzanillo. JAGR now has the right partner,
the buyers and the vessels to offer the world a turn key
product.
If investors need evidence that the global economy has legs,
they need look no further than the recent massive iron ore prices
that have just been announced. It's an unmistakable sign that steel
demand, a key indicator of economic growth, remains strong.
This is a huge sea of change for the iron ore mining and steel
industries. The new pricing regime means that iron ore can now take
its rightful place as a key global commodity like crude oil. And as
is the case with crude oil, iron ore prices are likely to move
higher on the continued strong demand from China.
About Jaguar Mining Enterprises, Inc.: Jaguar Mining
Enterprises, Inc. is an independent mining company engaged in the
acquisition, development, and exploitation of iron ore primarily
mined in Mexico. The Company specializes in the exploitation of
iron ore mines with proven reserves. The Company's strategy is to
locate, acquire and develop mine locations that contain sufficient
quantities of iron ore and require minimal start-up costs. For
additional information regarding Jaguar Mining Enterprises please
visit: www.jaguarminingenterprises.com
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. Since
these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the
Company's actual results may differ materially from the expected
results.
Company Contact: Jaguar Mining Enterprises, Inc. 1860 FM 359,
#177 Richmond, TX 77406 Phone: (281) 712-1235 Fax: (281) 520-4378
Email: inquiry@jaguarminingenterprises.com Website:
www.jaguarminingenterprises.com
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