Qiao Xing Universal Resources Announces Chinese Government Grant

Qiao Xing Universal Resources, Inc. (NASDAQ:XING,) announced that China’s government has awarded a grant to the Chifeng Aolunhua Copper-molybdenum mine.

The press release is quoted as saying:

As part of this initiative, CMLR will provide different sums of grants to the Initiative participants based on assessment on several criteria, including recovery efficiency in mining and ore-dressing as well as comprehensive utilization rate of mining resources.

To read the full press release, click here.