Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
China Daye Enters into MOU with Parent Group
To be Injected Parent Group's Four Existing Mines and Two New Mines

HONG KONG, Nov. 16, 2012 /PRNewswire/ -- China Daye Non-Ferrous Metals Mining Limited ("China Daye" or the "Company") (Stock Code: 00661.HK) is pleased to announce that the Company, China Times Development Limited ("China Times") and Daye Nonferrous Metals Corporation Holdings Limited (the "Parent Company", together with its subsidiaries, the "Parent Group") has entered into a memorandum of understanding (the "MOU") on 15 November, to inject into the Company the interest in four mines (the "Existing Mines") currently held by the Parent Group and two mines (the "New Mines") proposed to be acquired by the Parent Group from the relevant government authorities in China.

To support the Company's development, the Parent Group and China Times proposed within the next three to five years, to inject into the Company the interest in four existing mines currently held by the Parent Group, including:

  • A multi-metal mine at Zedang in Tibet
  • A Guokesu gold mine in the Republic of Kyrgyzstan
  • A Jilongshan gold mine in Hubei Province
  • A Lini lake copper-iron mine in Hubei Province

Amidst, substantial progress has been made with respect to the exploration of reserves of the Guokesu Mine; the scale of operations of the Jilong Mountain Mine has expanded and has generated revenue and profit and the Lini Mine has commenced trial production.

In addition, the Company will be injected two new mines in Hubei Province that proposed to be acquired by the Parent Group from the relevant government authorities in China, including a rutile mine in Zaoyang and niobium and cerium rare-earth mine in Miaoya, Zhushan.

Mr. Zhang Lin, Chairman of China Daye, commented, "The management of the Company considers it an opportune time for the Company to acquire the Guokesu Mine, Jilong Mountain Mine and Lini Mine within the next three to five years. The signing of MOU, another important step further to the reverse acquisition of Parent Company completed in early March this year, is in the best interests of the Company and its shareholders, and it is another major strategic move by China Daye's parent company to float the premier assets of the Parent Company. Look around, market concerns are deepening amid the complicated global and domestic economic conditions. We will ride on the momentum and work against the headwind by leveraging on the favorable opportunity after the successful completion of acquisition for the Group's integration. In addition, we will continue to optimize our production operations, expand our resource reserves and enhance the quality of our products. We believe that with the consistent effort from management and staff of the Group and the strong support from the community, the Group will achieve sustained and rapid development so as to create better returns for our shareholders.

About the Parent Company

Daye Nonferrous Metals Corporation Holdings Limited ("Daye Nonferrous Metals") was jointly owned by the State-owned Assets Supervision and Administration Commission of Hubei Provincial People's Government (51%) and China Nonferrous Metal Mining (Group) Co., Ltd (49%). After over 60 years of development, it evolved into a leading state-owned integrated copper enterprise with a value chain encompassing exploration, mining, smelting, chemicals, rolling processing, waste heat power generation, waste recycling, research and design, geological survey, shaft engineering, construction and installation, machinery repair and manufacturing and transportation. In 2010, it was selected as a major enterprise promoted by the government in the demonstration zone for the materials industry and newly industrialized enterprises in the central China. Daye Nonferrous Metals has a global business network that is spread around the world. It currently has over 20 wholly owned subsidiaries, associates and holding companies in southeastern Hubei, the Yangtze River Delta, the Pearl River Delta, Hunan, Xinjiang, Hong Kong, Kyrgyzstan and Mongolia.

About China Daye

China Daye and its subsidiaries are mainly engaged in exploration, mining and trading of non-ferrous metals.

Investor and Media Enquiries:

 

PRChina Limited

Camille Xiong / David Shiu / Henry Chik

Tel: 852-2522 1838 / 852-2522 1368 / 852-2521 2823

Email: cxiong@prchina.com.hk / dshiu@prchina.com.hk / hchik@prchina.com.hk

SOURCE China Daye Non-Ferrous Metals Mining Limited

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve c...
Rackspace® on Tuesday announced new features to its DevOps Automation Service including Windows Support and expanded environment stack support. Rackspace also launched a new DevOps Advisory Service for broader DevOps transformation engagements. Available in the U.S. and UK, enhan...
Founded in 2011, ElasticBox’s goal is to make it as easy as possible to develop, deploy, and manage applications for any cloud infrastructure. ElasticBox is pioneering a simplified, modular, service-based application development process, where fully configured components of an ap...
Jérôme is a senior engineer at Docker, where he rotates between Ops, Support and Evangelist duties and has earned the nickname of “master Yoda”. In a previous life he built and operated large scale Xen hosting back when EC2 was just the name of a plane, supervized the deployment ...
Boundary is making server and application monitoring instantly accessible with the launch of two new editions of its popular cloud-based service. The products – Boundary Free and Boundary Premium – are designed for DevOps teams in organizations of all sizes that want high fideli...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News
Strategic Storage Trust, Inc. today announced operating results for the three and six months ended J...