Monday, August 24, 2009 10:49:25 AM
CWRN: $32,760,000.00 Baja Iron Ore Annual Fixed Price Contract Offered
Wednesday August 19, 2009, 8:30 am EDT
HOUSTON, TX--(Marketwire - 08/19/09) - Cotton & Western Mining, Inc. (Pinksheets:CWRN - News) announced today that a major Chinese steel mill has offered a contract for year 2010, 14 shipments of 52,000 dry metric tons each, loading out of the Pacific Ocean Port of Ensenada, Baja California, Mexico, beginning by the end of January 2010. Management will be meeting with the Company's partners in early September to discuss the offer and others that have recently come into the Company. With the recent China Seaborne Trade increase, the Company's website is receiving one to three iron ore inquiries per day. In order to meet a late January shipping date, production at the Baja Pacific Iron Mining Project would need to be in place before the December holidays.
http://finance.yahoo.com/news/CWRN-3276000000-Baja-Iron-Ore-iw-3132979115.html?x=0&.v=1
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