Copper subsidiary enters bank financing deal

China Natural Resources Inc., a company incorporated in the British Virgin Islands, announced that Bayannaoer Feishang Copper Co. Ltd, the company's indirect 60%-owned subsidiary based in China, had entered into a series of deals relating to a RMB250 million (US$36.59 million) bank loan from The People's Bank of China, Shenzhen branch. Feishang Copper is principally engaged in the smelting and refining of blister/anode copper and sulfuric acid for distribution in China. The purpose of the bank loan is to finance the operation of Feishang Copper.Zoom Kobe XIII ZK13