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6/20/07 TNRO is
currently at $1.40 |
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Terra Nostra is one of the leading copper producers in China through its 51% interest in Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd., which has an existing and under construction production capacity of 170,000 MT of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities. Terra Nostra is also emerging as a leading stainless steel producer in China through its 51% interest in Shandong Quanxin Stainless Steel Co. Ltd., a modern stainless steel production facility that commenced operations in early 2006 with a now expanded 230,000 MT casting mill, and a recently commissioned 150,000 MT rolling mill. |
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The two joint venture companies, with total assets exceeding US$ 200 million and having over 800 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. |
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| Terra Nostra Resources Corporation owner of a 51 percent interest in two Chinese joint venture companies in the strategic copper and stainless steel industries, said today that it predicts no shortage of supply of recycled materials for its production needs. The Company also indicated that the demand by Asian industry for copper remains fundamentally very strong and subsequently management expects the price of copper to remain around current levels. "This would have a positive effect on our outlook for 2007," said Sun Lui James Po, CEO of Terra Nostra. |
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"The demand from China,
as well as India, for key metals such as copper, steel, and aluminum
has not lessened -- in fact it has grown," Mr. Po reported, noting
that production of copper and stainless steel often uses recycled
materials to enable more cost-effective production of the materials.
"Not only is it more cost effective, but it also reduces energy
consumption and is typically more environmentally friendly," said
Mr. Po. As a result, the scrap processing industry in the US alone
was recently estimated to be $250 billion annually, according to a
report published by the Canadian brokerage firm of Canaccord Adams.
"As the automotive industry in China continues to develop, we
believe the scrap industry in China has the potential to rival --
and possibly even surpass -- that of the United States. This would
be of great value to us in that it would provide additional ready
supply of scrap materials for our production," Mr. Po said. |
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Terra Nostra presently has existing and under construction production capacity of 170,000 MT of electrolytic copper, using an optimized ratio of scrap copper and copper concentrate for raw materials, as well as value-added production of copper wire and oxygen-free copper rods. "With the continued rise in the value of copper, as well as strong availability of scrap materials, we believe we are positioned very favorably for the coming year," he said. |
| MANAGEMENT | |
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Mr. Sun Liu James Po Chairman of the Board, CEO Mr. Po is an experienced executive with a proven track record of successfully closing large scale projects involving mergers, acquisitions, and strategic partnerships; across multiple sectors, including mining, petrochemicals, resources, and real estate; around the world, with a recent emphasis on North America and the People's Republic of China. He is familiar with all phases of international project development, including land assembly, negotiation, planning, financing, securing government approvals, property development and construction. At present, Mr. Po is directly involved in a number of projects that are central to the long term viability of the vast and growing Chinese economy, including serving as a key intermediary between the political and economic reality of Chinese business ventures, and the rigorous transparency of the North American, European and Asian public markets. His roles include project leader, corporate structuring, political strategist, and financing. Mr. Po also has significant existing interests in the mining and resource industry in the PRC. He successfully negotiated and concluded the first Sino-foreign diamond mining joint venture, with ownership of a producing diamond mine and two nearby exploration/development concessions, as well as concluding an extensive project involving a producing oil-gas property with extensive proven reserves. All of these industries were previously inaccessible to foreign ownership, but with Mr. Po's involvement in 1996 as an advisor for revising the Chinese Mining regulations, the door was opened to foreign ownership in these strategic industries. Mr. Po as an economic advisor to various local, provincial and central governments in China had a substantial impact on the structure and content of the laws governing banking and foreign joint ventures in use today. Mr. Po has historically, and continues today, to assist and advise various levels of the Chinese government and ministries in economic planning and development, and represent various levels of Chinese government at international conventions. In the 1980's, Mr. Po was credited with introducing modern shrimp farming to China, including the building of the largest shrimp farm in Hebei Province, China. This opened up a new era in aquaculture for the country, which has grown substantially ever since. Mr. Po's contacts and direct involvement were also crucial to the introduction and implementation of the ground-breaking foreign adoption laws in China – creating opportunities for thousands of impoverished and abandoned children over the past 2 decades. Mr. Po speaks English, Cantonese, Fukenese and Mandarin. Mr. Po graduated from the San Sabastian College, Manila, Philippines, in 1967. Mr. Don C. Nicholson, B.Comm. President, Director, Acting CFO Mr. Nicholson has over 15 years of international project and business management experience. Mr. Nicholson's comprehensive experience in project management includes concept development up through and including post-implementation support. Mr. Nicholson is responsible for public filings, human resources, insurance and corporate development. Mr. Nicholson's background covers several business sectors including manufacturing, education, construction, real estate, and high-technology. Prior to joining Terra Nostra Resources, Mr. Nicholson was Vice President of Operations for a large European bicycle manufacturer, B-Tech SA, where he was responsible for administration and production management, business process re-engineering to further the technological evolution of the company, ISO implementation, and arranging corporate financing. Mr. Nicholson graduated from the University of British Columbia in 1991 with a Bachelor of Commerce degree. Mr. George Chua, B.Sc. Chief Operating Officer and Director (Joint Venture Boards) Mr. Chua has 27 years of experience in manufacturing, recycling, and sales and marketing of scrap lead, zinc, metal fabrication, paper, and machinery. Mr. Chua is responsible for oversight and strategic direction of the J.V. operations, including procurement, manufacturing, and sales and marketing. From 1988 to 2001, Mr. Chua held various management positions including serving as Philippines country manager for DaiEi Papers International Corporation, a leading paper sourcing and distribution network with annual revenues exceeding $2 billion. Mr. Chua had profit and loss responsibility and he reported to the company's ASEAN headquarters in Singapore. Mr. Chua also has experience in the commodities futures markets holding executive positions at Queensland Commodities, Kingly Commodities Futures and Master Commodities Futures in the Philippines. Mr. Chua received a Bachelor of Science degree in Industrial Management Engineering from De La Salle University Philippines-Metro Manila-Pasay City in 1980. Mr. Robert Ng, MBA, ACA Vice President PRC Finance Mr. Ng has 25 years experience in auditing, accounting and financial control covering various manufacturing industries including garment, electronics, food packaging, building materials and pharmaceuticals. Mr. Ng is responsible for directing and overseeing the finance and accounting activities in the PRC and interfacing with the external auditors. Previous to joining Terra Nostra, Mr. Ng worked for New World China Enterprises Projects Ltd. as Financial Controller. Mr. Ng was responsible for consolidations, accounting control and finance for four PRC Joint Venture projects and was involved in the development of overseas pharmaceutical markets. Prior to that, Mr. Ng joined Pacific Cup (Hong Kong) Ltd, formerly a subsidiary of Fort Howard Corporation of the US, a Fortune 500 listed company, as Financial Controller. Mr. Ng assisted in setting up the subsidiary accounting and financial controls for offices in Taiwan, Japan, Malaysia, and PRC. Mr. Ng also served as Senior Finance Manager China Everbright Holdings Co. Ltd., a Hong Kong diversified business company. Mr. Ng acquired his audit experience with Price Waterhouse & Co. Mr. Ng received both his Bachelor degree in Accounting and MBA at Dundee Institute of Technology ( UK ). He is also a UK Chartered Accountant. |
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| Contact | |
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Terra Nostra Resources Corporation 790 East Colorado Blvd., 9th Floor Pasadena, CA 91101 USA Tel: (+1) 626-796-0088 Investor Relations: 1- 866-626-0088 Fax: (+1) 626-796-5999 Email: request@tnr-corp.com www.tnr-corp.com |
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