RE:Better have a read at this....... Salt Lake shares Bulletin No. :2014-028 Qinghai Salt Lake Industry Co., Ltd. signed a memorandum of understanding Announcements
The Company and all members of the Board to ensure that the information disclosed is true, accurate and complete, not false or misleading statements or material omissions.
May 4, 2014, on behalf of Qinghai Salt Lake Industry Co., Ltd. China (including: the National Development Bank, CGC Overseas Group, Poly Technologies, Salt Lake shares Quartet) (hereinafter referred to as the "Company") and the Federal Democratic Republic of Ethiopia Ministry of Mines (hereinafter referred to as "the Ethiopian Ministry of Mines") in the capital of the Federal Democratic Republic of Ethiopia Ya Disi National Palace, the Ethiopian Afar State Dana Cole basin potash resource development issues to reach a consensus, signed the "Memorandum of Understanding." A memorandum of understanding risk prompted the Company and the Memorandum of Understanding signed by the Ethiopian Ministry of Mines, meaning both sides have a common vision of cooperation, this memo is not legally binding on both parties. The MOU does not participate in the exact state of Ethiopia Afar basin potassium mineral resources Dana Cole specific programs, if further cooperation issues, the two sides will sign a specific agreement.Investors are concerned about investment risks: Second, the main content of a memorandum of understanding, planning and implementation of cooperation. Planning, cooperation, including but not limited to the following areas: integrated development planning, preliminary exploration and evaluation of policies and systems security, cooperation model design, drawing and other Chinese model. Implementation include: building design, financing pattern design
2, the Ethiopian Ministry of Mines major policies and systems to protect the lead, coordinate relevant government departments to support the Egyptian side of the company to carry out potash resources development in Ethiopia. 3, to take charge of the company's main draw on the Chinese model, the construction program design and implementation, as well as demonstrate the technical and economic feasibility study to determine the basis of the Ethiopian mining regulations according to approved procedures, actively seek financing and promoting projects. 4, the establishment of high-level joint conference system. From time to time by the senior leadership of the two sides held a meeting and invited to participate in the senior leadership of the relevant units to consultation on major issues in specific areas, and promote cooperation in solving major problems and make important decisions based on need. Third, the impact of the MOU on listed companies only intention of this MOU documents, when the specific implementation of the project, how to implement both large uncertainties, the impact on the Company's financial position, operating results is still difficult to assess. This Memorandum of Understanding will not affect the independence of the company's business. Fourth, the review process for this agreement is the intention of the MOU documents, without going through the company related to the review process.If the co-operation of both if concrete progress, the company will perform the relevant deliberations and announced after the implementation of the program. Qinghai Salt Lake Industry Co., Ltd. Board May 15, 2014