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(21 October 2007, Hong Kong) Yue Da Mining Holdings Limited ("Yue Da Holdings", stock code: 629) has announced a discloseable transaction: acquisition of mining rights in a Shaanxi mine.
In order to set our foothold in the industry and increase the reserves, the Company’s mining subsidiary Puer Feilong Company will place a top priority in geological exploration in 2007 and 2008 and adopt a series of effective measures including strengthened management in exploration, additional capital investment and technical upgrades.
From 19 to 20 January 2007, the three mining subsidiaries held the annual meeting at Dali, Yunnan Province. The Board reviewed the company's operation performance of the Company in 2006.
