Milford, UT (PRWEB) November 29, 2011
CS Mining, LLC (“CS Mining”) today announced that it has entered into a strategic relationship with the Lippo Group which provides CS Mining with substantial investment for project development, working capital, and very strong global mining expertise.
“We are proud to welcome the Lippo Group as an investor in CS Mining and believe that they will be a value added partner for many years” said Clinton Walker, General Partner at Clarity Partners.
David J. Richards, President and Managing Member of Empire Advisors added, “the addition of an investor with global mining experience is a substantial step forward and I believe the stage is set for a very successful, long term project.
“We believe this project has substantial upside opportunity and we are glad to join Clarity and Empire at an early stage in the re-development process immediately after the exit from bankruptcy” stated Marshall Cooper, Director of Lippo Group. Mr. Cooper continued “In addition to a cash investment, our team looks forward to working directly with Russell Alley, Roy Shipes and David McMullin to improve the future operations of CS Mining”.
“The addition of Lippo Group to our investor group will provide CS Mining with the flexibility to accelerate the permitting and construction of additional processing capabilities such as a leaching circuit and an SXEW plant” noted Russell Alley, CEO. Mr. Alley continued “the diverse metallurgical components in our district will require us to plan well to determine the most efficient mining plan”.
About CS Mining, LLC
Headquartered in Milford, Utah, CS Mining is located near the mineral rich Anaconda Skarn. CS Mining is in the business of mining and processing copper, gold, and silver through its existing flotation mill and has plans expand its operations in the near future. (http://www.csmining.com)
About Lippo Group
Lippo Group is a diversified conglomerate with approximately US$22 billion of assets under management. It was founded by its Indonesian Honorary Chairman, Dr. Mochtar Riady in 1950 and today run by global industry professionals. The group operates in Australia, Canada, Indonesia, Hong Kong, Macau, Philippines, Singapore, South Korea, and China through publicly listed companies and private firms. Lippo Group has diversified interests in Real Estate, Retailing, Healthcare, Education, Media, Financials, and Resources. Dr. Riady is an entrepreneur and philanthropist and the Riady family spends much of their time in Education and Healthcare today.