August 22, 2017 10:21 PM ET

Metals and Mining

Company Overview of Xinjiang Tianmu Mineral Resources Development Co. Ltd.

Company Overview

Xinjiang Tianmu Mineral Resources Development Co. Ltd. offers gold, nickel, copper, and iron mining services. The company is based in Xinjiang Uygur Province, China. As of May 11, 2012, Xinjiang Tianmu Mineral Resources Development Co. Ltd. operates as a subsidiary of Timeless Software Ltd.

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China

Key Executives for Xinjiang Tianmu Mineral Resources Development Co. Ltd.

Xinjiang Tianmu Mineral Resources Development Co. Ltd. does not have any Key Executives recorded.

Xinjiang Tianmu Mineral Resources Development Co. Ltd. Key Developments

Xinjiang Tianmu Mineral Resources Development Co. Ltd. Receives Notice from the Department of Land and Resources of Yizhou District for the Compulsory Shut-Down of Mines Located in Xinjiang Lop Nur Wild Camel National Grade Natural Reserve

Xinjiang Tianmu Mineral Resources Development Co. Ltd. has received a notice dated 27 July 2017 from the Department of Land and Resources of Yizhou District, Hami City in relation to compulsory shut-down of mines located in Xinjiang Lop Nur Wild Camel National Grade Natural Reserve. According to the Notice, in order to implement environment protection and liquidate registered mining rights in natural reserves as prescribed in the Notice regarding Termination of Registration of Mining Rights in Natural Reserves and Relevant Matters (Xin Guo Tu Zi Ban Fa [2017] No. 39) ([2017] 39), Xinjiang Tianmu was ordered to terminate its mining, exploration and development activities in, and withdraw its staff and equipment from, the mines located in the Natural Reserve. Therefore, the Tuchushan Iron Mine of Xinjiang Tianmu, which is located in the Natural Reserve, should be shut down and its exploration and mining certificates will be repealed as well. As Tuchushan Iron Mine has no operating activities for years, the shut-down should have no material financial impact to the Group. The cost of the related rehabilitation is yet to be estimated.

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