![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, October 06, 2016 11:45:07 AM
"CHANDLER, AZ -- AuraSource, Inc., a developer of hydrocarbon clean fuel and mineral material beneficiation technology, today announced that it has received its first order for processed iron ore from Minmetals, Inc., a wholly owned division of China Minmetals Group ("Minmetals"). AuraSource received a letter of credit for $6.5 million for the first shipment of iron ore. AuraSource expects to make the first delivery in September."
http://www.aurasourceinc.com/n18.html
"China Minmetals Corporation is an international metals and mining corporation committed to providing high-quality services globally, adhering to a development philosophy of “cherishing limited resources and pursue boundless development”. It primarily engages in exploration, mining, smelting, processing and trading for metals and minerals, and is also engaged in finance, real estate, and mining and metallurgic technology, with business scope covering 34 nations and regions in the world. It has 177 thousand employees and controls 7 listed companies at home and abroad. In 2014, China Minmetals achieved operating revenue of RMB 322.757 billion Yuan, ranking No. 198 among the Fortune Global 500 and No.4 among metal companies."
http://www.minmetals.com/english/about_666/AboutMinmetals/
I would welcome any speculation.
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