Rare Mine Tech Announce Increased Funding
Rare Mine Tech have announced further increases in their capital expenditure in response to the increase in the market demand for Gold.
- (1888PressRelease) October 13, 2012 - "Rare Mine Tech", the mining company based in China, has reportedly secured the necessary investment to realise an increase in their production output targets for the next 18 months in order that they may meet the constant and ever-increasing world demand for Gold and other mined Rare-Earth-Minerals.
"RareMineTech has the capability to increase our output at both mining operations; at Changpu Chen and at Aiguo Bo. The problem we faced was not the lack of the base resources but in raising the finance to be able to safely and effectively increase the actual production of the Rare Mine Technical operations" said Mr. Timxi Chang President of RareMineTech.
With Gold prices and demands for it, amongst that of other rare earth products on the constant increase, the future for financial returns are looking increasingly lucrative for companies such as Rare Mine Tech.
"Rare Mine Tech approached our financial partners for an increase in funding so that we may be able to capitalize on this current global demand that have been seeing deficits due to, amongst other things, the weakening US Dollar over the recent years.
"The investment we needed, we sourced from both the private sector and from within our own coffers" continued Mr. Timxi Chang, the President and Chairman of Rare Mine Tech.
"Rare Mine Tech was incorporated at the end of the last decade and since then we have seen a consistent growth both in production and income for us and our Canadian partners. With this new increase in projected funding we can look forward to an increase in productivity levels and financial returns for our associates" concluded the Chairman of Rare Mine Tech.
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