Shenzhen, China (PRWEB) March 04, 2014
China Shouguan Mining Corporation (CHSO) is proud to announce that it has signed an exploration agreement with the China National Administration of Coal Geology (CNACG). The CNACG, established in 1953, is under direct control of the Central Government and has discovered over 800 billion tons of coal resources for the country, providing the energy backbone for China’s booming industrial growth. This elite partnership provides China Shouguan an invaluable opportunity to cooperate on identifying, exploring and monetizing global mineral resources with a world-class organization.
Under the agreement, China Shouguan will cooperate on domestic and foreign mineral resource exploration opportunities with the CNACG. The CNACG brings world-class exploration technology, remote sensing, digital mapping and advanced seismic exploration techniques to the venture. Coupled with China Shouguan’s intention to aggressively pursue foreign mining acquisition opportunities in 2014, the CNACG partnership has come at the perfect time.
Mr. Feize Zhang, China Shouguan’s CEO, said, “Our agreement with the CNACG is a major milestone for China Shouguan and further proof that 2014 should be our breakout year. We anticipate boosting our gold reserves by over 1 ton at our Shandong mines, are preparing an aggressive foreign acquisition campaign and are making great progress with our mining joint-venture with the Daxinganling Government. These efforts, and many more to come, are laying the foundation for our expected up-listing to NASDAQ in 2015.”
Zhang concluded, “As proof of China Shouguan’s drive and commitment to becoming a leading gold mining company, we only partner with the best. The CNACG is truly one of the world’s top mining resource and exploration organizations. Our partnership with the CNACG proves that China Shouguan has industry leading credentials, experience and respect, as the CNACG only partners with elite companies. China Shouguan is a Company on the rise and we are excited for what 2014 has in store for our shareholders.”
About China Shouguan Mining Corporation
China Shouguan Mining Corporation is a highly efficient gold mining exploration and development Company in the gold rich zones of Shandong and HeiLongJiang Provinces in China. The Company acquires or leases under-performing mines in major mineral zones, then funds their expanded exploration and production utilizing industry leading technologies. China Shouguan is planning to acquire mining operations in Australia, N. America and SE Asia and is focused on uplifting to NASDAQ by 2015.
Safe Harbor Statement This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
China Shouguan Mining Corporation
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