Houston, Texas-based Cotton & Western Mining, Inc. President Robert L. Cotton Monday stated that the company is working on the land-usage permits for all four ore bodies in the Baja Pacific Iron Mineral Mining Project.
The main mining project will start on the north side of Baja no. 14 (230 hectare concession) utilizing a total of 21 hectares; however, the two ore bodies on the south side (across the river) of the concession will also be permitted, utilizing 14 hectares and the land-usage for Baja no. 4 (100 hectare concession) will utilize a total of 18 hectares. The company will take out approximately 5,000 metric tons for a specification shipment of crude iron ore in lump for mill procedures prior to starting full production. The company will also offer its first six months of crude iron ore production at the Baja Pacific Iron Mineral Mining Project to the China Seaborne Trade Spot Sales, at the settled upon price of $142.18 per dry metric ton (CFR) delivered to the Port of Qingdao, The People's Republic of China.
Bulk shipments will be loaded out at the Pacific Ocean Port of Ensenada, Baja California, Mexico. Pan American Minerals Ventures, S.A. de C.V. a Joint Venture Company, will be the Baja Pacific Iron Ore Mining Project's operating company.
Cotton & Western Mining, Inc. engaged in metal mineral exploration, development and operations of "Iron Mineral Mining."