PLANTATION, Florida, May 3, 2017 /PRNewswire/ --
CD International Enterprises, Inc. ('CD International, or the Company') (OTC: CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate
consulting services, today announced that CD International has entered into a letter of intent with a Honduras-based company to purchase iron ore (62% to 63% Fe).
Per the letter of intent, CD International agrees to purchase 100,000 metric tons of iron ore (62% to 63% Fe) per month over a
period of 12 months. The total shipment over a period of 12 months will be 1.2 million metric tons of iron ore. The monthly
supply can be increased to 500,000 metric tons per month or 6 million metric tons of iron ore per year. The initial 12 months
contract of 1.2 million metric tons of iron ore values approximately $84 million on basis of the
current CIF China price.
According to Chinese customs data, China's imports of iron ore rose 7.5 percent to a record
1.024 billion tons in 2016. The total topped the 2015 record of 952.84 million tons. China's
2017 March iron ore imports rose 11 percent from the same month a year earlier to the second-highest monthly amount on record as
the world's second-biggest economy ramped up a drive for cheap overseas supply as the cost of domestic output grew. Imports in
March were 95.56 million tons, according to data from the General Administration of Customs. For the first quarter of 2017,
imports grew 12 percent to 271 million tons. That is a quarterly record. This rise was the result of two factors: resilient steel
demand in China (partly driven by government stimulus measures) and the replacement of Chinese
domestic iron ore production by the import of cheaper high-grade ore imports, mainly from Australia and Brazil.
Dr. James Wang, Chairman and CEO of CD International commented on the letter of intent, "We are
pleased to enter this letter of intent, as we have been proactively sourcing iron ore supply for our Chinese clients. This newly
sourced supply could provide us a stable supply of iron ore for our clients in China. Under our
new mineral trading model, we believe we can create a profit center while we limit exposure of our capital to market risk.
Imported iron ore to China will continue at the levels we are seeing now, or perhaps even grow
as we go forward. We actively pursue new mineral suppliers for our clients in China in both
South and North America. As we move forward, we believe we are well positioned to take advantage
of increasing demand of iron ore by China in years to come."
About C D International Enterprises, Inc.
CD International Enterprises, Inc. (OTC: CDII) is a U.S.-based company that sources industrial commodities and provides
business and management corporate consulting services. For more information about CD International, please visit: http://www.cdii.net.
DISCLOSURE NOTICE:
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International
Enterprises, Inc. ("CDII") is hereby providing cautionary statements identifying important factors that could cause our actual
results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are
not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or
future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result,"
"are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be
forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those
expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding CDII
and the completion of agreements with other potential investors and partners for this effort, our ability to arrange financing,
our expectations regarding profits, if any, and future operating results of CDII and growth in our operations.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any
forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements.
Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation
to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to
reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is
not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of
operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and
risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for
the fiscal year ended September 30, 2015.
Conta ct:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
+1-940-262-3584
SOURCE CD International Enterprises, Inc.