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Article: Wits Basin Provides Update on Iron Ore Joint Venture in China.
- Article from:
- Business Wire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Wits Basin Precious Minerals Inc. (OTCBB:WITM) is pleased to announce that the China Global Mining Resources (CGMR) Joint Venture with London Mining Plc intends to finance the Xiaonanshan Mining Company integration and the acquisition of the Matang Mine from third party funding. CGMR has appointed ABN AMRO Bank N.V., Hong Kong Branch, a subsidiary undertaking of The Royal Bank of Scotland Group plc, to advise on a fundraising which may, in the longer term, involve a public listing of CGMR.
About Wits Basin Precious Minerals Inc.
Wits Basin is a minerals exploration and development company. We own approximately 94% equity interest in ...