Cotton & Western Mining, Inc. (PINKSHEETS: CWRN); China Steel Makers have been buying iron ore with first quarter 2009 seeing an increase of raw materials imported. Forecasters believe that within the first half of year 2009, some upward movement of spot market supplies will improve. High grade magnetite iron ore such as the CWRN Baja California, Mexico iron deposits are still viable to the market and CWRN is receiving many inquiries for high grade crude iron ore. It is expected that by the time the CWRN Baja Iron Mining Project is ready for production, market conditions will be greatly improved. The project is still economically viable at 2004 contract prices.

"A wide range of economic indicators in China are improving, indicating that a recovery is underway," said Vikram Nehru, the World Bank's chief economist for the East Asia and Pacific region.

The Purchasing Managers Index of the manufacturing sector, a key indicator of China's economic health, rose for four consecutive months to reach 52.4 in March. It was the first time it rebounded above 50 since July 2008, indicating a "stabilizing and recovering economy," said Ma Jiantang, head of the National Bureau of Statistics at the release of the figures.

China's urban fixed asset investment surged by 26.5 percent in the first quarter of 2009, and new yuan loans reached a record high of about 2.7 trillion yuan during the same period, pumping in massive liquidity to prop up the economy. "We are seeing these encouraging signs (in China) and we do think the stimulus policies will allow China to continue to see some growth in a very weak world economy," Louis Kuijs, senior economist with the World Bank, said.

CWRN is currently in talks with a major Chinese Steel Mill, and fully expects to proceed with the project within the year 2009.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact: Cotton & Western Mining, Inc. 363 North Sam Houston Parkway East Suite 1100 Houston, Texas 77060 USA www.cottonwestern.com +1(281)820-7815

Cotton and Western Mining (GM) (USOTC:CWRN)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Cotton and Western Mining (GM) Charts.
Cotton and Western Mining (GM) (USOTC:CWRN)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Cotton and Western Mining (GM) Charts.