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Asia Now Resources has established a strategic exploration and mining partnership with Yunnan Dasheng Investment, a subsidiary of the Lippo Group. A memorandum of understanding signed by the companies will see Asia Now use its technical expertise to identify, investigate, explore and develop mineral projects in various parts of China and elsewhere around the globe
Lippo Group through its subsidiary companies will provide corporate and financial support for the development of the selected projects. The Lippo Group is a $12 billion Asian financial conglomerate that has been compared in mainstream press to the Rothschild empire. Initially, Lippo Group will provide US$10 million to Asia Now through private placements in 2008. Asia Now president Dr Kaihui Yang says: "We are excited about the future of the strategic partnership with the Lippo Group, a large financial corporation with a sound background in mainland China and Hong Kong. "With this financial support, we will be able to deliver much more in mining development in China.” Asia Now Resources is a mineral exploration and development company active in China since 2002. The company has established offices, joint ventures and a significant network with Chinese partners. Current projects include copper, gold and silver at three major projects, with drilling underway at two of these. www.asianow.ca
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