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SOURCE CD International Enterprises, Inc
DEERFIELD BEACH, Florida, October 15, 2013 /PRNewswire/ --
CD International Enterprises, Inc. ("CD International") (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its wholly owned subsidiary, CDII Minerals, Inc ("CDII Minerals") has successfully completed an initial shipment of Bolivian iron ore to a leading metals trading company in China.
These initial container shipments of iron ore were sourced from inventory purchased by CDII Minerals through its off-take agreements in Bolivia. The quality of the iron ore delivered was over 66.7% Fe iron grade hematite. According to inquires made with Chinese customs, this shipment of iron ore is believed to be the first commercial shipment of iron ore sourced from Bolivia in history to be successfully imported into China. With current trucking availability, CDII Minerals expects to begin shipping approximately 5,000 metric tons of Bolivian iron ore per month beginning in the current quarter and progressively ramping up shipping quantities in the coming quarters. CDII Minerals currently holds over 20,000 metric tons of fully paid inventory ready for shipment with the ability to source additional product via its off-take arrangements.
Mr. Dani Pick, MSM, General Manager of CDII's Minerals' Bolivian subsidiary, EMPRESA MINERA CDII DE BOLIVIA S.A. (NIT: 211848025), commented, "We are pleased to finally have become the first organization in history to successfully deliver commercial quantity shipments of Bolivian iron ore to China. While we have faced numerous challenges since opening our Bolivian subsidiary in 2012, we are now in a position to steadily exploit this significant opportunity. In the current market environment, we intend to expand our efforts in the production and distribution of high quality Bolivian iron ore for the foreseeable future as we look to build a growing and profitable revenue stream for our company."
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTCQB: CDII) is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services. Headquartered in Deerfield Beach, Florida, with corporate offices in Shanghai, CD International's unique infrastructure provides a platform to expand business opportunities globally. For more information about CD International, please visit http://www.cdii.net.
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International Enterprises, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding CDII Minerals' operations in Bolivia, the completion of any additional sales of Bolivian iron ore either from inventory or any current or future off-take agreements, our ability to arrange financing, our expectations regarding profits, if any, and future operating results of CDII Minerals and growth in our South America operations.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2012.
CD International Enterprises, Inc.
Phone: +1-954-363-7333 Ext. 316
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