CWRN: $32,000,000.00 Projected 1st Quarter 2011 Revenues
December 30 2010 - 8:30AM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Robert L.
Cotton, President of Cotton & Western Mining, Inc., says, "The
Baja Pacific raw crude iron ore mining project will yield
$32,000,000.00 in first quarter revenues as the Company moves
November and December finished production to 2011 for sales."
Management is preparing "Mina Guadalupe" for the raining season,
spreading more sand on the inside roads, and screening two large
stockpiles of -50mm natural materials and the 0-3mm crushed
materials together with final finished product 3-18mm raw crude
iron ore materials for shipping. The Company is bringing the
November and December production forward to the first quarter 2011
for the China Seaborne CFR sales; this combined with the new
production in 2011 will yield approximately $32,000,000.00 in first
quarter revenues. Beginning in the second quarter of 2011, the
Company will increase finished iron ore production to over 100,000
metric tons per month. The mobile processing flow-chart will be
configured using closed circuit looping that will incorporate the
primary crushing jaw to the secondary crushing cone to the primary
screening plant that will loop +18mm back to the cone while feeding
the 3-18mm to the magnetic separator and feeding the 1-3mm waste
materials to a secondary screening plant that will also feed the
magnetic separator while discharging -1mm waste out that will be
transported to the waste dumper. The new configuration will
eliminate dual handling of materials for screening and processing
while producing finished products in sizes 1-18mm for bulk
shipments in one continuous operating system.
Year to Date Review:
The Company completed the "Mina Guadalupe" iron mineral mine
development in four months, that included all state and federal
permitting, land-usage and land access together with surface rights
agreements with the land-owners. Mine stripping and extraction
preparations were completed under SAMERNAT ECO 120 in 90 days and
full mineral extraction began on November the 5th, 2010. Over
200,000 metric tons of various iron minerals and waste materials
were processed in less than 60 days, while Management accomplished
the development to production of 118,000 metric tons of iron ore
within that period of time and coming in $3,000,000.00 under the
line item start-up budget. The Company would like to recognize all
the management staff of Panamerican Minerals Ventures, S.A. de C.V.
(Baja Mexico) that worked tirelessly seven days a week coordinating
every detailed item that came up while finding the correct solution
for many difficulties that arise while starting a new project in a
foreign country together with the mining superintendent Andres
Garcia and his hard work and coordination with the mining crews --
all have contributed to the success of the project in the most
professional manner.
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.
Safe 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.
Cotton & Western Mining, Inc. +1 713 482 7593
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