Yes -it seems like the operations are well run and clean,as others have remarked. All we know re delays is from the 6-25-12 PR dispute w the govt- cwrn said delay in shipping ore from port was caused by changing govt requirements-including a series of audits even after new permit was issued. They've also said at one point the govt withdrew permission for a vessel after giving it permission-the left hand not knowing the right hand? just 5minutes before a fixture note was signed.
Bingos posts indicate they thought it would be cleared up by july so they could ship in August. Shirley said as posted they expected fert permit early Nov. Even when permit is in hand and all roadblocks are removed they have to line up buyer-how much will buyer negotiate before govt gets its act together? and then line up a ship. All audits were done by Mar 6-and yet Bao ship didnt arrive til June 9-as Bao was willing to wait a bit to save greatly on shipping by waiting til they unloaded bulk product nearby in Long Beach.
So it could take months after a permit is issued if they are careful in choosing the ship and dealing w shipping sharks. Meaning that if a fert permit was issued November-and assuming its good for a calendar year 12 months forward,it could easily take all this time to sign a deal w a buyer-negotiations- and line up a ship. They did have some presumably pretty good advisers as soon as full production, began as shown by PR below
It doesnt help govt to have ore occupying dock space but its well known Mex govt has its problems-as cancelling a previous ship after giving permission indicates and as the overbroad govt response to the illegal south mainland mines indicates- 1 of the tradeoffs for the much lower cost of mining in Mexico vs the rest of North America.
Hopefully they have been trying to line everything up while working w the govt. I suspect its a domino effect and they are waiting for at least 1 roadblock to be solved before PR'ing events which are not forward looking so the PR would not be seen as a promo by the sec prior to sec resolution,especially as they are also dancing w Geo-and legal is always very conservative in those situations unless you have an ambulance chaser lawyer. Any time there is a suit lawyers want to gag their clients-same w negotiators.
So its very possible a ship could leave w a load before they PR-especially in the under promise mode they've been in- thats what they did w the Aug 7,2011 ship.
SOURCE: Cotton & Western Mining, Inc.
November 09, 2010 09:48 ET
CWRN: "Baja Iron Mining Project in Full Production"
HOUSTON, TX--(Marketwire - November 9, 2010) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRN ) Robert L. Cotton, President of Cotton & Western Mining, Inc., stated today that, "the Baja Pacific raw crude iron ore mining project is in full production as of Friday, November 5 th , 2010." Operator Training and Crushing equipment set-up and start-up was provided by the equipment manufacturer, crushing both through the Primary Jaw and Secondary Cone was undertaken by Pan-American Minerals Ventures, S.A. de C.V. operators with initial crushing rates higher than anticipated. The iron ore is being crushed to main production sizes of 03 to 18 millimeter Fines and secondary sizes of 0 to 03 millimeter Super Fines. The 3 by 18mm Fines will be shipped via Bulk Cargo Vessels and the 0 by 3mm Super Fines will be packed in Maxi Bags for container shipments of 8 bags maximum of 25 metric tons per 20-ft container, for Environmental Air Quality concerns and will begin before the end of November 2010. All "Guadalupe" Fines and Super Fines shall be sold on the China Seaborne Trade Spot Sales Market for the near future. All product cargo shall be shipped from the Pacific Ocean Port of Ensenada, Baja California, Mexico. A photograph of the production may be viewed on the Company's website home page.
Other News: The Ensenada Port Authority is in the process of dredging its bulk cargo dock to receive PanaMax vessels up to 75,000 Down Weight Tons (DWT). The P.A. advised CWRN and PanAm both on Monday that the dredging project would be completed before the end of December 2010. The company will still make its first shipment via Handy cargo vessel at 30/35,000 DWT; However, beginning in January 2011 all bulk cargo shipments will be made via PanaMax at one or two shipments per month.
CWRN management has undertaken the selection process of a special "Advisory Board" that will be made up of Geo Science academia, Geologist, Mining Engineers, Geophysicist, Mining Law Attorneys, Environmental Specialist and other professionals within the Mexico Mining Sector. It is anticipated that the "Advisory Board" will be in place before the end of January 2011. The Company is proud to announce that the first two members of the "Advisory Board" have joined the CWRN /PanAm Mex team, we herein introduce:
Gabriel Chavez Aguirre of Ensenada, B.C.
Bachelor of Arts in Information Management at the UABC in 1993 / Dedicated primarily in mining development since 2001 he is involved in the industrial planning and mineral exploration in the region of Baja California and Sonora, Mexico with more than 30,000 hectares in various parts of mineral concessions. Mr. Chavez is also a Director of Grupo Minero Lobos, S. A. de C. V. which holds a vast amount of iron mineral and other metal mineral reserves.
Ruben Reyes Moreno of Ensenada, B.C.
Law degree with postgraduate corporate law at the Autonomous University of Baja California.
Legal defense specialist and administrative management of mining business
General Counsel of Grupo Minero Lobos, S. A. de C. V.
Related News: China Seaborne Trade, Spot Price Iron Ore may be viewed at the following link:
Metal Bulletin Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN ) is a Nevada Corporation that is engaged in metal mineral exploration, development and operations for "Iron Mineral Mining
