Friday, August 05, 2016 11:21:02 PM
this PR showed some of the never before seen obstacles CWRN was dealing with in exporting -resulting from the rise in illegal mines due to the rapid increase in iron price(rising from 10-14 /ton until 2002 to 191.90 feb 2011
CWRN: "Qin Hai Sails with 43.8k/mt Iron Ore for Bao Steel"
Cotton & Western Mining, Inc. (PN CE) (USOTC:CWRN)
Historical Stock Chart
5 Years : From Jul 2011 to Jul 2016
Click Here for more Cotton & Western Mining, Inc. (PN CE) Charts.
LAS VEGAS, June 25, 2012 /PRNewswire/ -- Cotton & Western Mining, Inc. (OTC/Pinksheets: CWRN) -- The Qin Hai Bulk Cargo Vessel sailed out of the Pacific Ocean Port of Ensenada, Baja California, Mexico on June 13, 2012, with a full maximum load 43,829 WMT of Raw Crude Iron Ore sized 1-10mm under contract with Bao Steel. 45,000 WMT remains stockpiled at the port pending dispute resolution with the Mexican Authorities over time lapse in customs. The company began trucking on Oct 24, 2011 through Nov 11, 2011 for a shipping date of Dec 21, 2011; during the month of December, 2011, all iron ore export permits were canceled country wide, and new export regulations became effective overnight. The new iron ore export regulations not only required an iron ore export permit from the Secretary of Economy, but also included a Customs iron ore exporters listing; this entailed a series of Government audits, from the Tax Office, Mining Office, Environmental Agency and from Customs if the company had any prior exports of Iron Ore. Panamerican Minerals Ventures, S.A. de C.V., the Mexico Iron Mining Operator, begin the process of re-qualification to meet the stringent and rigorous new regulations. The Company received the new Secretary of Economy Export Permit in January 2012; however, the audits and other time consuming efforts for Customs listing resulted in the Company becoming one of only a few mining companies authorized to export iron ore from Mexico, on March 6, 2012.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM