Manufacturing Industry
COPPER RESOURCES CORPORATION - Hinoba-an Project Update - Conclusion of MOU.
PR Newswire UK Disclose, December, 2006
Immediate Release 7 December 2006
COPPER RESOURCES CORPORATION
CRC CONCLUDES MOU WITH GLENCORE AND NANJING MINING
FOR JOINT VENTURE ON HINOBA-AN PROJECT IN PHILIPPINES
LONDON, United Kingdom - 7 December 2006.
Copper Resources Corporation (AIM: CRC.L) ("CRC") has signed a memorandum of
understanding today with Glencore Investments B.V., a subsidiary of Glencore
International AG ("Glencore") and Nanjing Xixia Mountain Xin Yang Mining Co.
Ltd. ("Nanjing Mining") for the formation of a joint venture to develop the
Hinoba-an Project in the Philippines. CRC will hold a 20% free carried interest
in the joint venture, and Glencore will hold 55% and Nanjin Mining will hold...
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