Archive for the ‘Terra Nostra Resources Corp. TNRO’ Category

Terra Nostra Resources Corp. (TNRO.OB) Completes Joint Venture Funding Requirements, Plans Aggressive Growth in Vertical Stainless Steel and Copper Manufacturing

Friday, August 29th, 2008

When investing in China, one only needs to understand a few key elements to succeed. The primary element is business fundamentals; the next is the use of political party power. Put the two together and an investor will soon understand that the entire concept of the Chinese transformation to a semi-capitalistic system rests in the retention of power. Those that had it in the past do not want to lose it and position themselves to retain it. To this end, an investor in China should look at a company’s fundamentals first and then move onto who is in charge or who knows who in the overall Chinese political/business model planning structure. If both fall into line, profit and stability will most likely reign.

Terra Nostra Resources Corp., a copper and stainless steel manufacturer, works to vertically produce stainless steel, copper billet and downstream products. The company operates as the nation’s second largest stainless steel manufacturer and is one of the top 10 copper manufacturers in China.

As of the second quarter 2008, the company controls 51% or more interest in its two subsidiaries. Near term future plans include increasing ownership to near 80%. The company’s stainless steel plant, Quanxin Stainless Steel, consists of three arc furnaces capable of producing 230,000 metric tons (MT) of stainless steel. All products meet series 200,300, and 400 specifications. The company’s copper subsidiary, Jinpeng Copper, produces copper billets and value-added copper rods, wire and low-oxygen rods. Jinpeng Copper uses a combination of scrap and raw material copper to meet its 170 MT of electrolytic copper capacity.

Although it is unlikely that the company would turn down export sales opportunities, it is primarily engaged in the domestic market. In this regard, it sees significant copper opportunities as urbanization continues to advance at a rate close to unmanageable. To this end, the company is aggressively working to serve downstream value-added product opportunities directed at infrastructure and building markets.

Currently, the company’s product mix is more oriented toward producing billet products but is quickly expanding as the company advances its aggressive and forward-thinking business plan. Although copper production may seem to be more suited in this use, the company’s 150 MT hot-roll narrow strip stainless steel line is working at a solid pace to fill factory orders throughout China. Some capacity, however, has been reassigned to serve the custom stainless steel marketplace.

Many investors are relatively circumspect about making investments in Chinese companies, owing to a particular lack of understanding about how the country plans to integrate a capitalistic system into a domestic economy based on an entirely different system. These investors would be somewhat correct in their wariness. Where Terra Nostra in concerned, however, there should be little if any concern. This is because the chairman of the board – Mr. Sun Liu James Po – is a person with very high ranking authority within the economic/political integration decision making structure of the government. In a general sense, the company has a leader in a very high position of authority and is predisposed to be able to move the company forward in a very positive and profitable way.

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Terra Nostra Resources Corp. (TNRO.OB) Chairman of the Board Reports to Shareholders

Monday, June 30th, 2008

Terra Nostra Resources Corp. (TNRO.OB), a leading copper and stainless steel producer in China through its majority interests in two joint venture companies, recently released a statement from Chairman of the Board Mr. Sun Liu James Po, as presented at the company’s annual general meeting held on June 23, 2008.

According to the report, the company has achieved a number of its key objectives and has made considerable headway on other strategic initiatives. The most significant event for Terra Nostra Resources over the past 12 months was the completion of roughly $25 million in financing through convertible debentures. Theses proceeds were primarily used to complete the company’s capital contribution of $27.2 million into its copper joint venture in China, which fully secured Terra Nostra Resources under the joint venture agreements and Chinese joint venture law.

Additionally, the company plans to continue ramping up production of both copper and stainless steel to position its facilities at optimal levels of operation. Expanded downstream copper production will include new value-added products, and Terra Nostra Resources will also work to upgrade its existing wire/tube production lines. The company’s management team will also consider acquisition opportunities in China’s copper and stainless steel industries, and actively develop productive relationships with strategic partners that will position the company for continued growth.

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Terra Nostra Resources Corp. (TNRO.OB) Increases Majority Ownership in Two Joint Ventures to 90 Percent

Wednesday, June 25th, 2008

Terra Nostra Resources Corp. (TNRO.OB) is a leading copper and stainless steel producer in China through its majority interests in two joint venture companies: Shandong Quanxin Stainless Steel Co. Ltd. and Shandong Terra-Nostra Jinpeng Metallurgical Co. Ltd. The company recently entered into an agreement to increase its majority ownership in both joint ventures from 51 percent to 90 percent.

Terra Nostra Resources Corp., through its subsidiaries, offers billets and strips of steel used in the automotive, aerospace and power generation industries. In addition, the company’s products are used in the manufacture of food handling, health and medical, chemical processing and pollution control equipment. Terra Nostra Resources Corp. is well positioned to become one of the 10 largest electrolytic copper producers in China. The company currently operates the second-largest stainless steel mill in Shandong Province of China.

Terra Nostra Resources Corp’s initial growth strategy is to focus on the domestic market in China and selectively pursue overseas markets for expansion. The company’s management team will consider acquisition opportunities in China’s copper and stainless steel industries. Additionally, the company will streamline production processes by implementing advanced technologies to move to the production of higher value-added products that offer more market flexibility.

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Terra Nostra Resources Corp. (TNRO.OB) Reports Strong Q3 Revenues

Tuesday, April 22nd, 2008

Terra Nostra Resources Corp. (OTCBB: TNRO) is a majority owner of two joint venture companies in China’s copper and stainless steel industries. The company today announced its financial results for the three months ended February 29, 2008, posting an increase based on the company’s “aggressive ramp” in its stainless steel business.

Terra Nostra reported revenues for the third quarter at $108.8 million, up from $41.3 million from the third quarter of 2007. Gross profit reached $11.4 million in 2008, as compared to a loss of $1.3 million in the third quarter of 2007.

“We made good progress executing on our growth strategy to become a premier producer of specialty stainless steel and cathode copper in China … Domestic demand remains robust. Our local sources of supply and our modern, efficient and strategically located plants give us a distinct advantage over imports and other in-country producers. Our performance to date demonstrates that we’ve built an efficient manufacturing model to maximize profitability as we achieve greater economies of scale and optimize capacity utilization,” Don Nicholson, president and acting CFO of Terra Nostra stated in the press release.

Nicholson said the company intends on increasing manufacturing efforts in both of its copper facilities. Terra Nostra also has a backlog of orders that will contribute to the ramp in stainless steel production.

“In the fourth quarter we will continue to deploy the capital raised in the second half of 2007, increasing production and diversifying our product mix. Now that both the Jinpeng and Dongying copper facilities are fully operational, we will begin to ramp downstream production of rod and wire used in the power and home appliance sectors. Based on orders in hand we are planning for a continued ramp in stainless steel production, including a larger portion of higher grade 310-S and hot rolled strip,” stated Nicholson.

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Terra Nostra Resources Corporation (TNRO.OB) to Undertake New IPO

Sunday, December 16th, 2007

Terra Nostra Resources Corporation (TNRO.OB) announced that the company has agreed to undertake an initial public offering of their copper joint venture. Terra plants to list this company on the Main Board of Hong Kong Stock Exchange, targeting an initial $120,000,000 tender.

The anticipated date for listing on the Hong Kong Exchange is midyear 2008. Currently, the company is proceeding with the initial incorporation of Strategic Metals Ltd. (“Sino Metals”), a wholly owned subsidiary, to undertake this IPO.

“This is a unique opportunity to accelerate the Company’s growth on favorable terms and to seize opportunities available to us in the dynamic and growing China market,” stated Mr. Sun Liu James Po, the Company’s Chief Executive Officer.

Mr. James Po added, “With the higher earnings multiples generally found on the Hong Kong Exchange for mainland China investments, this listing is designed to unlock the value of our Copper joint venture operations. It is designed to provide Terra Nostra and its shareholders the benefit of a non-dilutive equity raise and a potential increase in shareholder value when the offering proceeds are invested directly to expand operations.”

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Terra Nostra (TNRO.OB) Reports Record Results: Quarterly Revenues of $172.7 Million and Operating Profits of $13.3 Million

Monday, October 22nd, 2007

Terra Nostra Resources Corporation (TNRO), a majority owner of two joint venture companies in the copper and stainless steel industries in China, announced record fiscal results for the financial quarter that has ended August 31, 2007. The revenue reported totaled $172.7 million, up 290% from the same period one year ago. Operating profits were $13.3 million, up 605% from the same period a year ago.

At the same time, comprehensive net income totaled $7.2 million, representing a huge increase from the $1.1 million loss during the last fiscal period. Furthermore, revenues for the fiscal quarter that ended August 31, 2007 were $172.7 million, as compared to $59.5 million for the same period a year ago. Gross profit was also $17.2 million, as compared to a gross profit of $4.5 million for the same period a year ago.

Mr. Sun Liu James Po, Terra Nostra’s CEO, stated “We continue to experience strong domestic market demand for copper and stainless steel production from both new and existing customers. This has resulted in equally strong top and bottom line growth for the Company. China’s overall market for both copper and stainless steel remains very dynamic and positive. As such, we expect this growth trend to continue as our modern facilities ramp up production to meet current and future market demands”.

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StockGuru Trade Alert: Profile Stock KAL Energy (KALG) Up Over 55% Monday Afternoon

Monday, October 15th, 2007

StockGuru Trade Alert: Profile Stock KAL Energy (KALG) Up Over 55% Monday Afternoon

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Terra Nostra Resources Corp. (TNRO.OB) Share Prices Sky Rocket after Company Announces Record Revenues

Friday, October 5th, 2007

Terra Nostra Resources exploded 51.22% on more than 10 times its average volume after the company reported record revenues of $284.8 million. Operating profits also experienced a great increase as they improved from last year’s $13.5 million loss to a profitable $1.8 million.

The management of Terra Nostra Resources anticipates that gross margins will further improve as yield rates increase, maintenance and facility operating costs lower,  production increases continue, and larger volume contracted purchases replace lower volume non-contracted purchases.

Mr. Sun Liu James Po, Terra Nostra’s Chief Executive Officer, stated, “At present, strong market conditions for our products exist in China. Demand for stainless steel and copper remains high, driven by continued economic growth and development in China. This market situation has allowed Terra Nostra to pre-sell certain production at premium contracted prices. We expect these strong market conditions to remain for the foreseeable future while the Company continues to ramp up production at current facilities to full capacity to meet market demands.”

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Terra Nostra Resources Corp. (TNRO.OB) Share Prices Increase 7.65% on 131k Traded Shares

Friday, July 20th, 2007

TNRO.OB closed at $1.97, which is a 7.65% increase above yesterday’s closing price, as the price-per-share continues to multiply along with the growing interest in the company.

The Chinese Government recently reported that the imports of refined copper totaled 202,995 Metric Tons (MT) for March 2007. This represented a year-on-year increase of approximately 148%, and demonstrates the strong demand for copper in China.

China’s industrial requirement for copper has prompted more importation and greater controls on exports, as this commodity is an important part of one of the world’s fastest growing economies.

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Terra Nostra Resources Corporation (TNRO.OB) announces $4 million in Private Placement

Thursday, July 19th, 2007

Terra Nostra Resources Corporation (TNRO.OB) announced today that is has accepted $4,000,000 in subscription by way of private placement for 4,000,000 units of the Company’s restricted common stock. This private placement offering is at a $1 per unit price. The structure of the deal includes one share of common stock and one warrant allowing the holder to purchase one additional share a $1.75 for a period of three years.

The private placement was subscribed to by previous equity investors and certain officers and directors of the Company. Mr. James Po, chief executive officer of Terra Nostra, and chairman of the two joint venture companies, subscribed for a total of $2,000,000 under the private placement.

The Procceds will be used to fund an additional $2,500,0oo towards copper joint venture working capital, with the remaining $1,500,000 to be used to retire outstanding debt and provide working capital for the company.

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Terra Nostra Resources Corporation (TNRO.OB) Share Price Soars up 42%

Monday, July 16th, 2007

Terra Nostra Resources Corporation (TNRO.OB), closed up a substantial 42.25% today at $2.02 per share, and currently are up another 1.49% in Extended Hours trading to $2.05. The stock traded over 850k shares today, setting a 6 month high in trading volume.

The last news was released on July 12th when the company announced that for the three months ending May 31, 2007, the Shandong Quanxin Stainless Steel joint venture operations generated revenues of $88.8 million, with a total 28.3 metric tons (MT) of billets and hot roll coil sold. This substantial increase over prior quarter revenues of $1.6 million is attributed to the successful ramp-up of production at the casting mill. Since then the stock has been showing increasing daily upwards movement.

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Terra Nostra Resources Corp (TNRO.OB) share prices escalate 15% early Friday morning

Friday, July 13th, 2007

Terra Nostra Resources Corp. share prices rise 15% Friday morning, with an above average 211,653 shares being traded.

Terra Nostra Resources Corp. is the leading copper producer in China. They currently own 51 percent interest in Shandong Terra Nostra Jinpeng Metallurgical Co. and Shandong Quanxin Stainless Steel Co. Shandong Terra Nostra Jinpeng Metallurgical Co produces both electrolytic copper, low –oxygen copper, and value added copper rod and wire. Shandong Quanxin Stainless Steel Co., Ltd is a stainless steel production facility with the capability of producing bulk orders for external companies.

Both of these joint venture companies employee over 1,000 employees and have assets exceeding $182 million dollars.

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Terra Nostra Resources Corp. (TNRO.OB) Announces Significant Revenue Growth

Thursday, July 12th, 2007

Terra Nostra announced greatly increased preliminary revenue numbers for its joint operations. Fully consolidated results for the fourth quarter and fiscal year (audited) ending May 31, 2007 are expected in the next 45 days.

For the quarter ended May 31, the company’s Shandong Quanxin Stainless Steel joint venture operations generated $88.8 million. The large increase was caused by the growing production at the casting mill.

Shandong Jinpeng Metallurgical copper joint venture operations increased their revenues from $39.6 million to $44.5 million, with a total of 4,643 MT of electrolytic copper and copper rods sold.

Mr. Sun Liu James Po, CEO of Terra Nostra, commented, “The ramp-up of stainless steel operations in the fourth quarter were accelerated due to strong customer demand, and our congratulations go out to the management and operational teams in Zibo, China for bringing the mill to over 70% operating levels through April and May, ahead of schedule.”

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Terra Nostra Resources Corp. (TNRO.OB) Share Prices Increase 8.21% as the Stock Continues its Upward Trend

Monday, June 25th, 2007

Terra Nostra experienced another positive morning as share prices increased rapidly. The company is expected to significantly benefit from China’s growing demand for copper.

China has increased its comprehensive national strength and elevated its international status, and today it is the world’s fourth largest economy and third largest trader.

The CEO of Terra Nostra stated, “China’s dynamic and still growing economy will continue to require crucial resources like copper and stainless steel to sustain the development of industrial and consumer demand nationwide. Today’s high prices in these commodities and their related raw materials reflect this fundamental demand for such strategic metals in a continuing high growth economy.”

The company is currently better establishing itself in the industry by constructing a facility which is capable of producing 170,000 Metric Tonnes of electrolytic copper. It is currently operating a 230,000 Metric Tonne capacity stainless steel casting facility which places the company as one of China’s top ten producers.

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The Shares of Terra Nostra Resources Corporation (TNRO.OB) Soared Up 32.67% Friday, as the Company Focuses on Operations

Friday, June 22nd, 2007

Recently, Terra Nostra Resources Corporation (TNRO.OB) reported the successful production and shipment of 304 grade stainless steel billets by Shandong Quanxin Stainless Steel Co., Ltd., its stainless steel joint venture operation in China, towards a recently announced $30 million dollar contract.

Terra Nostra is one of the leading copper producers in China through its 51 percent interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd., which has an existing and under construction production capacity of 170,000 MT (metric tons) of electrolytic copper, 20,000 MT of low-oxygen copper, and value-added copper rod and wire facilities.

Terra Nostra is also emerging as a leading stainless steel producer in China through its 51 percent interest in Shandong Quanxin Stainless Steel Co., Ltd., a modern stainless steel production facility that commenced operations in early 2006 with a now expanded 230,000 MT casting mill, and a recently commissioned 150,000 MT rolling mill.

The two joint venture companies, which Terra Nostra recently entered into an agreement to increase its ownership up to 90%, with total assets exceeding US$200 million and over 1000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai.

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Terra Nostra Resources Corp. (TNRO.OB) Share Prices Rise 27.72% Friday Morning

Friday, June 22nd, 2007

Terra Nostra share prices escalated rapidly this morning. In the past two days, shares have risen from $0.85 to $1.29 for a 52% increase.

The company is a leading copper producer in China and will have the production capacity of 170,000 MT of electrolytic copper after its current construction projects are completed. Terra Nostra also efficiently produces bullion-quality gold and silver as a manufacturing by-product, and is sourcing available scrap materials for present and future raw material requirements.

Terra Nostra is expected to benefit from China’s soaring demand for copper as it is well positioned in the industry. The Chinese Government reported a 148% increase in imports of refined copper for the year ended March 2007, which demonstrates the strong demand.

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Terra Nostra Resources Corp (TNRO.OB) Profile

Tuesday, June 12th, 2007

Terra Nostra Resources Corp (TNRO.OB) is a leading copper and stainless steel company focused in China. The company encompasses 51% ownership of two businesses focused in this sector.

1. Shandong Quanxin Stainless Steel Co., Ltd. produces and sells cast billets for the application of rolling steel into stainless steel strips, stainless steel narrow strips, and stainless steel rods.

2. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. directly manufactures and sells electrolytic copper, copper rods and wire through an internal sales department. These materials are further used to manufacturer and develop specific wire cables.

Terra Nostra has the capability to become the top electrolytic copper producers in China. The company presently operates the second largest stainless steel mill in China with extensive opportunity to expand.

Terra Nostra benefits from an experienced team of officers including Donald Nicholson, President/CEO; and Jeff Reynolds, CFO.

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Terra Nostra Resources Corp. (TNRO.OB) Share Prices Escalate 17.78% in Early Trading Hours

Friday, June 8th, 2007

Investors are noticing Terra Nostra and its strategic position in the Chinese copper industry. According to China’s General Administrator of Customs, the country imported 202,995 Metric Tons of refined copper for the year ending March, 2007.

The CEO of the company stated, “The demand for copper in China is continuing to grow in tandem with its strong economic development. Local manufacturers and importers have a large gap to fill in order to feed China’s appetite for copper as a part of its ongoing industrialization, particularly for the next few years.”

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Terra Nostra Resources, Corp. (TNRO.OB) – China’s Demand for Copper and Steel Surpasses the Rest of the World

Wednesday, May 16th, 2007

Terra Nostra is well positioned in China, earning the title of being the 6th largest producer in China. With its existing and developing capacity of 170,000 Metric Tonnes of electrolytic copper, and its fully operational 230,000 Metric Tonne capacity stainless steel casting facility; the company paces itself in a very high position. By only meeting a small portion of the demand, the company is expected to earn over $1.4 Billion in the fiscal year ending May 2009.

China’s demand for the two metals grew at an average of 9.67% from 1978 to 2006, while the rest of the world grew about 3.3% in the same period. During these years, China strengthened its nation while elevating its international status.

Mr. Sun Liu James Po, Terra Nostra Resources Corporation’s CEO, stated, “China’s dynamic and still growing economy will continue to require crucial resources like copper and stainless steel to sustain the development of industrial and consumer demand nationwide. Today’s high prices in these commodities and their related raw materials reflect this fundamental demand for such strategic metals in a continuing high growth economy.’”

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Terra Nostra Resources Corporation (TNRO.OB) Produces and Ships Order Towards $30 Million Dollar Contract

Monday, May 14th, 2007

Terra Nostra Resources Corporation (TNRO.OB) reports the successful production and shipment of 304 grade stainless steel billets by Shandong Quanxin Stainless Steel Co., Ltd., its stainless steel joint venture operation in China, towards a recently announced $30 million dollar contract.

Mr. Sun Liu James Po, Chief Executive Officer, stated, “Our ability to deliver a product of international standards, to a world class customer, is an important validation of the extensive testing and trial production performed at our stainless steel casting facility.

Furthermore, the anticipated revenue from this contract represents an anticipated 3x increase in total revenues for the stainless steel operations alone in the forthcoming fiscal year, making a significant contribution to our revenue goals.”

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Terra Nostra Resources Corp. (TNRO.OB) Announced Successful Shipment for a Multi-Million Dollar Contract

Monday, May 14th, 2007

Before the bell today, Terra Nostra announced that they have shipped 304 grade stainless steel billets in order to fill a $30 million dollar contract. The company is not finished however because of other contracts detailing they must produce 600 Metric Tonnes (“MT”) of 304 stainless steel billets every month for one year.

Mr. Sun Liu James Po, Chief Executive Officer, stated that the extensive testing and trial production is validated by the company’s ability to deliver a product of international standards to a world class customer.

The revenue expected from the contract is expected to triple the Terra Nostra’s total revenues in the coming fiscal year. The company is well on its way to meeting it’s revenue goals.

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Terra Nostra Resources Corporation (TNRO.OB) to Benefit from China’s Soaring Demand for Copper

Thursday, May 10th, 2007

Terra Nostra Resources Corporation (TNRO.OB) appears well positioned.

The Chinese Government reports that imports of refined copper totaling 202,995 Metric Tons (MT) for March 2007. This represented a year on year increase of 148% compared to the same period last year, and illustrates the strong demand for copper in China.

Refined copper exports totaled 3,094 MT in March 2007, for a year on year decline of 92.60%. China’s industrial requirement for copper has prompted more importation and greater controls on exports, as this strategic commodity is a crucial component of one of the world’s most dynamic economies.

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Terra Nostra Resources Corp. (TNRO.OB) Is Well Positioned To Benefit From China’s Strong Demand For Copper

Wednesday, May 9th, 2007

According to China’s General Administrator of Customs, the country imported 202,995 Metric Tons of refined copper for the year ending March, 2007. The demand has been strengthening for the important metal even with Government officials trying to slow the exports.

The CEO of Terra Nostra Resources Corporation stated, “The demand for copper in China is continuing to grow in tandem with its strong economic development. Local manufacturers and importers have a large gap to fill in order to feed China’s appetite for copper as a part of its ongoing industrialization, particularly for the next few years.”

Through its subsidiary, Terra Nostra is positioned in the right place to reap the great revenues produced from the copper industry in China.

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Terra Nostra Resources Corp. (TNRO.OB) Gives Details on the Contracts Recently Signed

Wednesday, May 2nd, 2007

Tuesday, April 24, Terra Nostra announced that its Joint Venture Partner had signed two contracts totaling to a value of $41 Million dollars. Today, the company released an 8-k detailing each contract.

Shandong Quanxin Stainless Steel Co., Ltd. (“SQSS”)’s larger contract is with Qing Dao Baemyung Metal Company. SQSS will provide Qing with 600 Metric Tons of 304 grade stainless steel billets per month. The contract is valued at $30 Million dollars based on the current market prices for stainless steel billets.

SQSS’s second contract is with Zhejiang Yuyaohongda Stainless Steel Company. They will be providing the company with 201 series billets, which will be further processed into stainless steel strips using SQSS’s strip rolling mill. The second contract is worth $11 Million annually.

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Huge Steel Contracts with Combined Value of $41 Million Awarded to Terra Nostra Resources Corporation (TNRO.OB)

Wednesday, April 25th, 2007

Terra Nostra Resources Corporation (TNRO.OB) reported the award of two sales contracts for Shandong Quanxin Stainless Steel Co., Ltd. (“SQSS”), its stainless steel joint venture operation in China.
The first contract is with Qing Dao Baemyung Metal Co. Ltd., a well respected company operating in the Shandong province, which has contracted SQSS to produce 600 Metric Tons (“MT”) of 304 grade stainless steel billets per month, for an annualized value of approximately US$30 million based on current market prices.

The Company has also been contracted by Zhejiang Yuyaohongda Stainless Steel Co. Ltd. to produce 201 series billets, and then further process the billets into stainless steel strips using SQSS’s recently commissioned strip rolling mill. This contract is worth US$11 million annually at current market prices, with production of 600 MT monthly.

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