IMX Resources Limited Offers a Peek at its Unique Operations Strategy through Innovative Technology and Going Green
IMX Resources modernizes the mining industry throughout the Southern Hemisphere.
Online, July 27, 2010 (Newswire.com) - (San Diego, CA)- In an interview with Business Review Australia, Duncan McBain, Managing Director and geologist of IMX Resources Limited discusses the Company's ambitious plan to expand its business and mining strategies by acquiring more clients.
McBain illustrates the Company's next big venture, which is a substantial mining project known as Cairn Hill. "I've spent 50% of my time in China talking to different people and doubling efforts to find the right partners," said McBain. IMX Resources signed an agreement with China's Jilin Tonghua Iron & Steel Group Co Ltd, which will buy all output for the entire five-year life of the mine. IMX Resources also signed a $49 million deal with Sichuan Taifeng to fund development of a project called the Cairn Hill project. Sichuan Taifeng will own half of the Cairn Hill project and its stake in IMX Resources will rise to 19.9 per cent. The Cairn Hill project is set to produce 1.7 million tonnes per annum (mtpa) of ore.
IMX Resources anticipates several trends in the mining industry. As the demand for copper, nickel and other elements increases, it's the Company's mission to find investors, which allow them to obtain a number of joint venture opportunities to grow share value.
IMX Resources is also looking to reduce its carbon footprint using best practices and sustainability initiatives.
About IMX Resources Limited
IMX Resources was established in 1986 as an Australian based, diversified resources developer and explorer. The Company is known as a prolific miner through the development of a portfolio of projects based upon production with geographical diversity including iron ore, nickel, gold, copper and uranium. Their operations and interests span Australia, Africa, China and India and primarily target steel making materials and copper. The mining company also has projects in South Australia, Tasmania and Tanzania in East Africa.
Read the full report at Business Review Australia.
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Tags: Australian Business Magazine, Australian Business News, Business Review Australia, copper and uranium, gold, IMX Resources, iron ore, mining, mining exploration, mining industry, mining strategies, nickel industry
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