Jintai Mining (NASDAQ:JTT)

Friday, September 17, 2010 | Web News
Jintai Mining set to commence IPO. Company Snapshot: Vertically integrated mining company Industry Snapshot: Use Of proceeds: We will use the...
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We are an emerging vertically integrated mining company operating in the Guangxi Province of the People’s Republic of China (“PRC”); however we are incorporated in the State of Delaware. Our business is engaged in exploration, mining, leaching, smelting and other processing operations of primarily zinc and lead. Through our wholly-owned subsidiary, Jintai Mining Co, Limited (“Jintai HK”), a Hong-Kong limited liability company, we own other subsidiaries, Guangzhou Xiangguang Corporate Management Co. Ltd (“Xiangguang”), and Huanjiang Jintai Mining Company Limited (“Huanjiang Jintai”). Huangiang Jintai owns and operates an ore mine in an area measuring approximately 2.83 square kilometers (“the Ore Mine”) and owns the exploration rights to an additional 21.58 square kilometers (“Exploration Right Properties”) of very limited production or non-producing properties. Huanjiang Jintai sells the refined zinc and lead based products such as zinc calcine, zinc dust, sand, sulfuric acid and other variations. We believe our well rounded platform offers competitive advantages including: a unique exploration environment, high grade ore and potential reserves, low cost production, long term power contracts and government support.

Last updated September 17, 2010


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