FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GLG Partners LP 		2. Issuer Name and Ticker or Trading Symbol

BEKEM METALS INC [ BKMM ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1 CURZON STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/13/2008
(Street)

LONDON, X0 W1J 5HB
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 ("Common Stock")   10/13/2008     S    10000   D $0.155   20990000   I   (1) (2) See footnotes   (1) (2)
Common Stock   10/14/2008     P    53000   A $0.15   21043000   I   (1) (2) See footnotes   (1) (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Cash-settled Forward Contract     (3) 4/5/2008     J/K  (3)    53000       4/6/2009   4/6/2009   Common Stock   53000     (3) 53000   I   (1) (2) See footnotes   (1) (2)
Cash-settled Forward Contract     (4) 10/14/2008     J/K  (4)       53000    4/6/2009   4/6/2009   Common Stock   53000     (4) 0   I   (1) (2) See footnotes   (1) (2)

Explanation of Responses:
( 1)  The securities reported herein as owned by the Reporting Person are indirectly owned by GLG Partners LP on behalf of GLG Emerging Markets Fund, which is managed by GLG Partners LP.
( 2)  GLG Partners LP, an English limited partnership, acts as the investment manager of certain funds and may be deemed, as of the date hereof, to be the beneficial owner of the Issuer's securities or derivative securities held by such funds. GLG Partners Limited, an English limited company, is the general partner of GLG Partners LP. Noam Gottesman, Pierre Lagrange and Emmanuel Roman are each a managing director of GLG Partners Limited. GLG Partners LP, GLG Partners Limited, Noam Gottesman, Pierre Lagrange and Emmanuel Roman do not hold directly any of the Issuer's securities or derivative securities with respect thereto, and disclaim any beneficial ownership of any of the Issuer's securities or derivative securities reported or excluded herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended, except for their pecuniary interest therein.
( 3)  On April 4, 2008 the Reporting Person purchased 53,000 prepaid forward purchase contracts referencing shares of the Issuer from an unaffiliated third party seller at a purchase price of approximately $1.56 per contract, representing a total purchase price of approximately $82,513.50. The contracts obligate the seller to pay the Reporting Person an amount of cash, per contract, equal to the market price of the Issuer's common stock on the maturity date of the contracts (April 9, 2009).
( 4)  On October 14, 2008 the Reporting Person settled the 53,000 prepaid forward purchase contracts referred to above. Upon settlement, the Reporting Person received a cash payment of $0.15 per contract from the seller, for a total of $7,950.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GLG Partners LP
1 CURZON STREET
LONDON, X0 W1J 5HB
X


Signatures
GLG PARTNERS LP, By: GLG Partners Limited, as its General Partner, By: /s/ Victoria Parry, Senior Legal Counsel 10/17/2008
** Signature of Reporting Person Date

GLG PARTNERS LP, By: GLG Partners Limited, as its General Partner, By: /s/ Emmanuel Roman, Managing Director 10/17/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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