Asia Broadband, through its wholly owned subsidiary Asia Metals, has signed a definitive joint venture agreement for the large scale expansion of the company’s mining operations in the state of Guerrero, Mexico, with Qiangda Investments & Economics & Co. The agreement guarantees a $34 million capital commitment allocated over a 3 year period on a time-lined payment schedule to earn-in a maximum 40 percent equity interest in the company.
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