Baja Pacific Mining Project Update: Transportation of Ore to port of Ensenada coming along well. Customer and / or third party assayers approve ore heap in port for sale. Sulphur content low, xxx%. First ore to be shipped mid March. About half of the $32M will make it into Q1, with a rate of $32M / quarter or better expected going forward. Iron prices high, transportation costs low so better than expected when project kicked off.
CE Status: Many investors have interpreted the CE status to mean that the OTC Market Group has assigned Caveat Emptor status to the stock of Cotton & Western Mining Mining Inc. This is incorrect. The CE mark symbolizes that ore produced by the company complies with the requirements of the European Union and is certified for sale there. The CE mark was previously used in the certification of electronic and medical use but recent regulations have expanded the CE requirement to the class of ferrous ores sold to and within the E.U. The company is therefore proud to be CE certified and looks forward to the new customer base that this designation opens up. (OK, just kidding on this part)
Note: "Mina Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de C.V., Ensenada, Baja California, under contract with CWRN and held in trust for CWRN by its principal officers and directors, Robert L. Cotton and Sharon Vazquez. The registration of Cotton & Western Mining, Inc. U.S.A. with the Secretary of Economy, Mexico, as a foreign investment company has been delayed pending the name change from Cotton & Western Mining, Inc. to Panamerican Minerals Ventures, Inc. All financial reporting shall be on a consolidated basis, split between the U.S.A. and Mexico, under the terms and conditions of the NAFTA agreement.
Related News: China Seaborne Trade, Spot Price Iron Ore may be viewed at the following link; Metal Bulletin Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc. Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) a Nevada Corporation that is engaged in metal mineral exploration, development and operations for "Iron Mineral Mining." For more information, please visit the company's website at www.cottonwestern.com.
Deep Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
timjohn Here is my PR Bob Cotton Cotton and Western Mining is excited to tell our shareholders we have entered a new phase in our companies history. We have summoned the first of many ships we will be using to transport our ore to one of our buyers in China. The ******* will arrive in Ensanada on ***** to begin loading which we expect to complete in **** days We expect this process to be repeated approximately every **-** days. With the culmination of this process CWRN will officially become a revenue producing company. CWRN continues to ready it's Q1 filings so we will become current during the first Quarter 2011. As we become current with or 1st Quarter filings we also expect to have CE removed and our status to be listed as current. CWRN will continue to explore the possibility of our previously stated goal of repurchasing 60% of the outstanding shares but we cannot guarantee that will happen. CWRN will also continue to work towards our stated goal of securing a new cussip heading along with the possibility of up listing to a higher exchange. We do not know at this time if or when these events may take place. CWRN continues to search for additional properties to mine. CWRN also continues to explore new relationships with additional buyers for our products. CWRN will continue to issue PRs as these events warrant them. IN ADDITION CWRN WISHES TO ANNOUNCE WE'VE STRUCK GOLD! JUST KIDDING LOL Any comments?
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