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THE COMPANY
Tung Ding Resources Inc. (the “Company” or OTC-other symbol: “TGDR”) is a publicly traded corporation, headquartered in Ft. Lauderdale, Florida whose business objective is to profit from the recent strong worldwide revival of interest in precious metals. The Company’s primary activity is in gold mining, development and production. TGDR also plans to participate in other mineral exploration and mining, specifically, silver, nickel, zinc and lead. The geographic focus of the Company is in the growth regions mostly in China and Southeast Asia. The goal of TGDR is to establish itself in these areas as a major force in the mining industry by bringing together its network of financing sources, management expertise, the latest mining technology and extensive local industry and government contacts. The Company maintains several offices worldwide, in Hong Kong, Montreal, New York, and Florida. . BUSINESS OPPORTUNITY Despite the presence in China of a sizable number of “Western” resource companies, the mining industry in China can still be considered to be in its infancy, with huge territories under-explored. By many estimates China has the world's largest potential of under-developed mineral deposits. In addition, existing mining operations also have great potential to be further exploited, as the lack of adequate funding has prevented the acquisition of up-to-date and efficient methods and equipment. The central and local governments have long recognized these problems and have become very amenable to doing business with foreign companies. TGDR is working to become an important foreign company participating in this vast opportunity, focusing on gold, silver, nickel, zinc and lead. OPERATING STRATEGY Project size: In the mining industry in China all major new gold facilities using modern technology and capable of producing large quantities of gold are still fully controlled by the central government, leaving the smaller projects for companies such as TGDR. As such, TGDR’s main targets in China are these small to mid-sized mining entities. Project Quality: Priority will be given to the more advanced potential mining properties, projects where most of the exploration and pre-feasibility study work has already been done and/or are in actual production. The objective is to become the owner of producing mines in the shortest term possible. Contacts: The key to TGDR’s success is the extensive connections and contacts that the founding partners maintain in China. Over the past year, TGDR has undertaken a series of negotiations with several prominent Chinese gold resource-departments specializing in developing small to medium size projects. This has resulted in the acquisition of an 35 sq. km. Gold/silver property. Potential additional acquisitions are in the early discussion stages. Control: TGDR plans to invest in joint ventures or partnerships in which it will have substantial equity and management control. |
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