AUM australian mining investments limited

australian mining ivestments

  1. 212 Posts.
    COMNEWS AUM SYDNEY 1209/1/1
    AUM - ASX Company Announcement
    $gen0 THIS IS A PRIORITY ITEM
    3 June 2003
    Part 1/1
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    AUSTRALIAN MINING INVESTMENTS LIMITED
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    HOMEX - Perth
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    Commercialisation in Peoples Republic of China

    AUM Directors are pleased to announce the Company has entered into a
    Joint Venture Agreement with Hall Chadwick Corporate (NSW) Ltd and
    Kirby International Pty Ltd. The Joint Venture allows for the
    formation of a Special Purpose Company for the purpose of
    commercializing AUM's range of Mineral Production Technologies and
    Environmental Technologies in The Peoples Republic of China.

    The range of Technologies are to be sub licenced with a number of
    Chinese Mining Companies and Environmental Groups and Agencies
    through a series of Joint Ventures with the Special Purpose Company.

    Under the Joint Venture Agreement AUM is entitled to revenue from the
    Sub Joint Ventures, in addition to Independent Royalties based on
    revenue from products produced using AUM's Technologies.

    W McCrae
    DIRECTOR

    ends - AAP

    03-06 1653

 
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