Rare Mine Tech Announce Appointment of New CFO

Rare Mine Tech are to announce the appointment of a new Chief Financial Officer due to their increasingly successful current mining operations. End Quote

(1888PressRelease) February 05, 2013 - Rare Mine Tech have recently taken steps to increase their standing as a world leader within the Rare Earth mining community since its incorporation and acquirement of its first mine, almost six years ago, by reshuffling their board of directors to appoint a new Chief Financial Officer.

RareMineTech, a company operating out of China and funded by a Chinese/Canadian association, are on the verge of announcing the appointment of the new CFO at a press conference scheduled for the first week in February.

Rare Mine Tech's Chairman and President Mr Timxi Chang will make the official announcement that Mr. Tom Spears, already a member of the board, is to be appointed as Chief Financial Officer. This coincides with another (predicted) increase in funding for their current operations. They have already increased their funding for their mining operations currently underway, at the end of last year.

With this in mind the fact that they are taking these steps shows an indication that their productivity levels are on the increase and there is an increasing demand for gold and other rare earth metals that their mines are producing.

The increased productivity also shows that all their mines under operation not only have the resources and but are already showing returns on investment. Furthermore it shows that they are confident that future supply and demand levels can be met for Asian markets to markets worldwide.

"Rare Mine Tech have, by appointing Mr. Tom Spears as Chief Financial Officer, placed themselves in a position to move even further forwards, allowing the company to utilise any skills and potential available to them, optimize production of ores, generate greater returns on investment and allow them to be more effective in the Asian markets; and to do so lucratively" said a source close to Rare Mine Tech.

The source added: "With the current financial market situation, more and more people are looking to place their investments into more solid things such as gold. The global demand is increasing on a massive scale and therefore an increase in productivity should be profitable accordingly for RareMineTech".

The company is no doubt looking forward to welcoming the appointment of this member of the board as CFO for RareMineTech.

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