Cotton &Amp; Western Mining Sites 72 Percent Rise in Iron Ore Prices in 2005 As Reported By BusinessWeek Online
Posted on: Monday, 8 May 2006, 21:03 CDT
Cotton & Western Mining, Inc. (OTC: CWRN), a global iron ore mining company, sites a 72 percent rise in iron ore prices for 2005 as reported by BusinessWeek Online. In 2006, iron ore has continued to surge due to increased global demand and accelerated worldwide economic growth.
Cotton & Western Mining is now providing a strong outlook on their company based on increased global demand of iron ore, continued rise in mineral prices and Cotton & Western's record size and number of purchase orders. Management is now increasing mining activity to meet demand and is pursuing additional lease acquisitions.
According to BusinessWeek Online, the surge in prices is fueled by China's rapid rate of growth which is leading to their high consumption of minerals. By 2010, it is estimated China will account for 30 percent of the world's consumption of iron ore, copper, nickel and aluminum.
Robert Cotton Jr., President and CEO of Cotton & Western Mining, stated, "Turbo charged economies such as China are searching worldwide to pour billions of dollars into mineral mines such as iron ore. We will continue to strengthen our relations with China-based companies and anticipate record revenue growth from current purchase orders."
For more information please visit the company website at: http://www.cottonwestern.com or you may contact Investor Relations at (973) 351-3868 and ask for Stephen Taylor.
About Cotton & Western Mining, Inc.:
Cotton & Western Mining, Inc. (OTC: CWRN) is a US corporation structured to produce and sell iron ore on a global scale. Currently, the Company is engaged in several mining activities and provides the Asia Pacific Steel Manufacturing Sector with high grade A raw crude iron ore products.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events
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Contact: Cotton & Western Mining, Inc. Investor Relations Stephen Taylor Phone# (973) 351-3868 STEPHTAYL9@AOL.COM
SOURCE: Cotton & Western Mining, Inc.
Source: MARKET WIRE
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