(the “Corporation”) pubic corporation traded under the symbol CWRN on the OTC:PK was founded in early 2005 as a Nevada Corporation by Robert L. Cotton, with a specific plan and goal in mind; that being, to operate a low cost and high profit junior “Iron Mineral Mining” company. It is our belief that with current market conditions yielding record profits for iron mineral mining companies, it is pos
sible to exploit deposits of high-grade magnetite / hematite that are either overlooked or considered to small for larger mining concerns. With a minimum of capital investment needed in order to accomplish our goals, we first set about forming certain criteria that would insure we did not get involved with a cost runaway project, referring to extraordinary infrastructure, ground transportation cost, mining techniques and finished product processing, which can in many cases devoir a modest start-up budget. The following specific criteria are the hallmarks of our operating philosophy and the reasons why they are the highlight of the International Minerals Group, Inc..
- Iron Mineral Deposits with a minimum of 10,000,000 metric tons of useable ore to be considered as commercial by our group.
- Iron Mineral Deposits that are located within 100 kilometers (62.5 miles) from a commercial port.
- Iron Mineral Deposits that are rich in Magnetite with average iron (Fe content) greater than 60%
- Iron Mineral Deposits that are low in the basic trace elements of Sulfur, Silica, Phosphorus and little or no Vanadium or Titanium. The above criteria is paramount to our mining plan, as the company only mines and markets raw crude iron ore in primary sizes of 0.015mm through 10mm classified as Fines. Mining these grade “A” iron minerals means the finished product processing consist only of low-cost magnetic separation, which not only cleans the product of dirt, limestone and other non-magnetic materials, but lifts the Fe percentage from 3 to 7 percent, depending on the size of the materials, where the smaller in size, the greater in Fe lift. Being within 100 kilometers of a commercial port means lower ground transportation cost, one of the highest cost items of any mining operation. The company’s target cost of ground transportation is less than $4.00 per metric ton. Large mine operators are generally entrenched and tied to a giant mineral deposit that may consist primarily of low and medium grade iron minerals; meaning they have built large and expensive stationary processing plants. When the crushing, screening and processing cannot be moved, the materials have to be moved to the plant. This is where a very large savings in operating cost is realized by CWRN, as we use remote controlled mobile tracked crushing and screening equipment. Our mining techniques do not require large and expensive mining trucks to haul the blasted materials to a stationary plant; we simply back our processing equipment up to the bench and begin crushing, screening and magnetic separation. The materials are loaded on the spot and taken straightaway to the port for stockpiling awaiting the next cargo vessel. One may assume that finding iron mineral deposits that meet our company’s criteria is very difficult; it is not an easy task; however, over the last five years we have investigated over 40 iron mineral deposits in Mexico, 17 in the Philippines and 8 in Indonesia. Of those iron mineral deposits, we have selected several for future development.
