According to the "Mineral Resources Law of The People's Republic of China" and the relevant regulations of the "Trial Management Measures of Bidding, Auction or Listing of Exploration Rightand Mining Right" issued by Ministry of Land and Resources, the exchange center, entrusted by Suxian Branch of Chenzhou Land and Resources Bureau, transfers the following mining rights and the corresponding price list. The relevant matters are announced as follows:

 

Ⅰ. Basic information, the starting price, price increase margin and guarantee money for bidding of coal mine area whose mining rights are transferred.

 

Serial No.	Name	Location	Area	Level	Mineral	Reserve	Designed production capacity	Transfer years	Starting price	Price Increase margin	Guarantee Money for Bidding
2011 CG06	quarry of Zhongda	Dengjiatang village, Suxian district	0.0184 km2	360m ～ 335m	Limestone for building stones	370,000 tons	60,000 tons/year	5.53 years	160,000 RMB	50,000 RMB or Exact multiple Of that	160,000 RMB

 

Ⅱ.Qualifications for applicants of bidding

Except where otherwise provided in law, regulation and regulatory documents, Legal entity, any person, and other organizations both inside and outside PRC can apply for bidding, without breach of contracts of bidding or other business activities against honesty within two years. The applicants can either make applications individually or jointly.

 

Ⅲ. Application and acceptance for bidding

1. The exchange center will handle the application and acceptance for bidding of the transfer and listing of mining rights, and only accepts on the spot written applications rather than verbal ones or other applications by telephone and mail.

 

2. For detailed information and specific requirements of this transfer, see transferring documents. Applicants for the bidding can get relevant materials (1,000 RMB per set) from April 25th, 2011 to May 27th, 2011(not including statutory holidays)

 

3. The applicant for bidding should place the guarantee money in full to the designated bank account before the deadline of application.

 

4. The applicant should go to the exchange center and submit a written application with relevant identification and go through qualification examination in the allotted time for application in this announcement.

 

5. If after the examination, the applicant satisfies the requirements and pays the guarantee money within the allotted time, the exchange center will confirm his qualification of bidding before 17:00 of May 30th, 2011(except statutory holidays), and issue "Acceptance Notice of Bidding".

 

6. Only the written quotation of the applicant on the spot will be accepted, and the verbal ones or other quotation by telephone and mail will not be accepted.

 

Ⅳ. Time, place and relevant matters

1. Time of the announcement: from April 25th, 2011 to May 15th, 2011.

2. Time of application: from May 16th, 2011 to 17:00 of May 27th, 2011(except statutory holidays).

3. Time of the listed bidding: from May 16th, 2011 to 9:00 of May, 31st, 2011(except statutory holidays).

4. Place of application and acceptance of quotation: at the lobby of Chenzhou Land and Resources Exchange Center (add: No.6, Qingnian Avenue, Chenzhou)

 

Ⅴ. Risk notification

"Mineral Reserves Report", "Resources Development and Utilization Scheme", "Evaluation Report on Influence of Geological Environment", and "Evaluation Report on Mining Right " of this transfer are issued by institutions with corresponding qualifications as well as evaluated and confirmed by administration departments. Nevertheless, there are still some uncertainties therefore; the bidder should foresee risks before bidding, and would have to bear full responsibility of any losses.

 

Ⅵ. Other matters

 

1. There is reserved basic price in this bidding, and the applicant who makes the highest offer will win. If there are quotations from applicants 30 minutes before the listing deadline, the bidding will be changed to an on-the-spot one.

 

2. After the auction is completed, the bidder should do the following things: first, the bidder should sign the sales confirmation with the listing party. Second, after receiving the confirmation, the bidder should sign the "Contract on the Transfer of Mining Right", "Responsibility Contract on Geological Environment Protection in Mine Area" and "Responsibility Contract on Rational Development and Utilization and Protection of Mineral Resources" with the grantor within the time limit stipulated by sales confirmation. Third, if the bidder refuses to sign the sales confirmation or does not sign any of the above-mentioned contracts and responsibility contracts within the limited time, his behavior is regarded as breach of contract, and penalty due to that will be collected in accordance with relevant regulations of the state. Meanwhile, the guarantee money of bidding shall not be refunded and the right to recover other losses will be reserved.

 

3. If the applicant of bidding want to acquire knowledge of resources reserve in mine areas as well as development and utilization scheme, the information can be consulted in the exchange center with the "Acceptance Notice of Bidding".

 

4. For matters not mentioned herein, see notice of bidding and relevant documents and materials for details. In case of any changes in the contents of this announcement, please make inquiries on the website of Chenzhou Land and Resources Bureau. The website is http://www.czgtzy.gov.cn.

 

5. The exchange center has the right to the interpretation of this announcement.

 

6. Contact methods and bank account details are as follows:

 

Add: No. 6, Qingnian Avenue, Chenzhou

Tel: 0735-2279666

Contact: Liu Liping

Account name: Chenzhou Land Resources Bureau

Account bank: Chenzhou Branch of Bank of Communications

Account number: 4376 8000 0018 0100 03457