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<SEC-DOCUMENT>0000943440-09-000307.txt : 20090429
<SEC-HEADER>0000943440-09-000307.hdr.sgml : 20090429
<ACCEPTANCE-DATETIME>20090429133003
ACCESSION NUMBER:		0000943440-09-000307
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090429
FILED AS OF DATE:		20090429
DATE AS OF CHANGE:		20090429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA NATURAL RESOURCES INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26046
		FILM NUMBER:		09778359

	BUSINESS ADDRESS:	
		STREET 1:		RM 2205 22F WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN HONG KONG
		STATE:			K3
		ZIP:			-
		BUSINESS PHONE:		01185228107205

	MAIL ADDRESS:	
		STREET 1:		RM 2205 22F WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN HONG KONG
		STATE:			K3
		ZIP:			-

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA RESOURCES DEVELOPMENT INC
		DATE OF NAME CHANGE:	19950104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>cnr_6k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>China Natural Resources, Inc.</TITLE>
<META NAME="author" CONTENT="Chesnutt">
<META NAME="date" CONTENT="04/29/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>UNITED STATES</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; font-size:12pt" align=center>Washington, D.C. 20549</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; font-size:12pt" align=center><B>Form&nbsp;6-K</B></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; font-size:12pt" align=center><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; font-size:12pt">For the month of April&nbsp;2009.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; font-size:12pt">Commission File Number 0-26046</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><U>China Natural Resources, Inc.</U></P>
<P style="margin-top:0px; margin-bottom:8.867px" align=center>(Translation of registrant's name into English)</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>Room 2205, 22/F, West Tower, Shun Tak Centre,</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><U>168-200 Connaught Road Central, Sheung Wan, Hong Kong</U></P>
<P style="margin-top:0px; margin-bottom:8.867px" align=center>(Address of principal executive offices)</P>
<P style="margin-top:0px; margin-bottom:8.867px">Indicate by check mark whether the registrant files of will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F. Form&nbsp;20-F&nbsp;<FONT style="font-family:Wingdings">&#253;</FONT> &nbsp;Form&nbsp;40-F&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
<P style="margin-top:0px; margin-bottom:8.867px">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1): <FONT style="font-family:Wingdings">&#168;</FONT></P>
<P style="margin-top:0px; margin-bottom:8.867px">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(7): <FONT style="font-family:Wingdings">&#168;</FONT></P>
<P style="margin-top:0px; margin-bottom:8.867px">Indicate by check mark whether the registrant by furnishing the information contained in this Form&nbsp;is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12b3-2(b) under the Securities Exchange Act of 1934. Yes <FONT style="font-family:Wingdings">&#168;</FONT> No <FONT style="font-family:Wingdings">&#253;</FONT>.</P>
<P style="margin:0px">If &quot;Yes&quot; is marked, indicated below the file number assigned to the registrant in connection with Rule&nbsp;12b3-2(b): 82-_________.</P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt; page-break-before:always"><B><U>Entry into Material Definitive Agreement and Creation of a Direct Financial Obligation</U></B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>On February&nbsp;2, 2009, Guizhou Yongfu Mining Co., Ltd., an indirect 70%-owned subsidiary of China Natural Resources Inc. (the &#147;Company&#148;) based in the People&#146;s Republic of China, entered into a bank financing agreement to fund construction and development of the Yongsheng Coal Mine, a coal mine located in Huajuexiang, Jinsha County, Guizhou Province, in the PRC. Guizhou Yongfu owns the mining rights to the Yongsheng Coal Mine. </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>The RMB 200&nbsp;million (US$29.30&nbsp;million) long-term loan is being provided by the Chongqing Branch of China Minsheng Banking Corp. Ltd. The loan is to be paid in annual installments of principal commencing in 2013 and terminating in 2017. The loan bears interest, payable quarterly commencing June&nbsp;21, 2009, at an annual rate equal to 30% above the over-5-year official lending rate stipulated by The People&#146;s Bank of China from time to time (currently 5.94% per annum, resulting in a current annual interest rate of 7.722% per annum). The loan is also secured by Guizhou Yongfu&#146;s mining permit covering the mine, and payment of the loan is guaranteed by Pingxiang Iron &amp; Steel Co. Ltd., a company controlled by Mr.&nbsp;Li Feilie, who is also an executive officer, director and the principal beneficial owner of China Natural Resources. Guizhou Yongfu drew down RMB 100&nbsp;million 
(US$14.65&nbsp;million) of the loan in April&nbsp;2009. The RMB100&nbsp;million (US$14.65&nbsp;million) balance of the loan is expected to be drawn down as needed in accordance with the construction plan for the mine, which is currently anticipated to be in December&nbsp;2009. The loan agreement is governed by the laws of the PRC, and any dispute arising under the loan agreement is to be settled through negotiation, or submitted to the Court of Chongqing City of the PRC, should the negotiation fail.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>The Yongsheng Coal Mine is not yet operational. The estimated cost of mine construction and development is approximately RMB 360&nbsp;million to RMB 400&nbsp;million (approximately US$52.74&nbsp;million to US$58.61&nbsp;million). Guizhou Yongfu intends to finance the balance of the estimated construction costs through a combination of internally generated funds and additional third-party loans.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>For the convenience of the reader, amounts in Renminbi (&#147;RMB&#148;) have been translated into United States dollars (&#147;US$&#148;) at the rate of US$1.00=RMB6.8253 quoted by The People&#146;s Bank of China as at April&nbsp;27, 2009. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate, or at all.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>This report includes forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based upon assumptions believed to be reliable, but involve risks and uncertainties that may cause actual results of operations to differ materially from the forward-looking statements. Among the risks and uncertainties that could cause our actual results to differ from our forward-looking statements are our intent, belief and current expectations as to business operations and operating results of the Company, uncertainties regarding the governmental, economic and political circumstances in the People&#146;s Republic of China, risks and hazards associated with the Company&#146;s mining activities, uncertainties associated with ore reserve estimates, uncertainties associated with metal and coal price volatility, uncertainties associated with the Company&#146;s reliance
 on third-party contractors and other risks detailed from time to time in the Company&#146;s Securities and Exchange Commission filings. Although the Company&#146;s management believes that the expectations reflected in forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to be accurate.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>On April&nbsp;29, 2009, the Company disseminated a press relating to the foregoing. A copy of the press release furnished herewith shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, and is not incorporated by reference into any filing of the registrant&#146;s, whether made before or after the date hereof, regardless of any general incorporation language in such filing.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt"><B><U>Exhibits</U></B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; font-size:11pt"><A HREF="cnr_ex99z1.htm"><U>99.1</U></A></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt">Press Release dated April&nbsp;29, 2009.</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=324.133></TD><TD width=24.933></TD><TD width=274.933></TD></TR>
<TR><TD valign=top width=324.133><P>&nbsp;</P></TD><TD valign=top width=299.867 colspan=2><P style="line-height:13pt; margin:0px; font-size:11pt"><B>CHINA NATURAL RESOURCES, INC.</B></P>
</TD></TR>
<TR><TD valign=top width=324.133><P>&nbsp;</P></TD><TD valign=top width=24.933><P>&nbsp;</P></TD><TD valign=top width=274.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324.133><P style="line-height:13pt; margin:0px; font-size:11pt">Date: April&nbsp;29, 2009</P>
</TD><TD valign=top width=24.933><P style="line-height:13pt; margin:0px; font-size:11pt">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=274.933><P style="line-height:13pt; margin:0px; font-size:11pt">/s/ Li Feilie</P>
</TD></TR>
<TR><TD valign=top width=324.133><P>&nbsp;</P></TD><TD valign=top width=24.933><P>&nbsp;</P></TD><TD valign=top width=274.933><P style="line-height:13pt; margin:0px; font-size:11pt">Li Feilie</P>
</TD></TR>
<TR><TD valign=top width=324.133><P>&nbsp;</P></TD><TD valign=top width=24.933><P>&nbsp;</P></TD><TD valign=top width=274.933><P style="line-height:13pt; margin:0px; font-size:11pt">Chairman and Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
</BODY>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>cnr_ex99z1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>China Natural Resources, Inc.</TITLE>
<META NAME="author" CONTENT="Chesnutt">
<META NAME="date" CONTENT="04/29/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=right><B>Exhibit&nbsp;99.1</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt"><U>CONTACT</U></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=justify>Edward Wong, Chief Financial Officer</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>011-852-2810-7205 or cfo@chnr.net</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=center><U>FOR IMMEDIATE RELEASE</U></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center><B>CHINA NATURAL RESOURCES&#146; SUBSIDIARY ENTERS INTO</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=center><B>BANK FINANCING ARRANGEMENT</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>HONG KONG, April&nbsp;29, 2009 &#150; CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR), a company incorporated in British Virgin Islands, today announced that Guizhou Yongfu Mining Co., Ltd., the Company&#146;s indirect 70%-owned subsidiary based in the People&#146;s Republic of China, had entered into a bank financing agreement to fund construction and development of the Yongsheng Coal Mine, a coal mine located in Huajuexiang, Jinsha County, Guizhou Province, in the PRC. Guizhou Yongfu owns the mining rights to the Yongsheng Coal Mine. </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>The RMB 200&nbsp;million (US$29.30&nbsp;million) long-term loan is being provided by China Minsheng Banking Corp. Ltd. The loan is to be paid in annual installments of principal commencing in 2013 and terminating in 2017. The loan bears interest, payable quarterly commencing June&nbsp;21, 2009, at an annual rate equal to 30% above the over-5-year official lending rate stipulated by The People&#146;s Bank of China from time to time (currently 5.94% per annum, resulting in a current annual interest rate of 7.722% per annum). The loan is secured by Guizhou Yongfu&#146;s mining permit covering the mine, and payment of the loan is guaranteed by Pingxiang Iron &amp; Steel Co. Ltd., a company controlled by Mr.&nbsp;Li Feilie, who is also an executive officer, director and the principal beneficial owner of China Natural Resources. Guizhou Yongfu drew down RMB 100&nbsp;million (US$14.65&nbsp;million) of the loan in April&nb
sp;2009. The RMB100&nbsp;million (US$14.65&nbsp;million) balance of the loan is expected to be drawn down as needed in accordance with the construction plan for the mine, which is currently anticipated to be in December&nbsp;2009.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>The Yongsheng Coal Mine is not yet operational. The estimated cost of mine construction and development is approximately RMB 360&nbsp;million to RMB 400&nbsp;million (approximately US$52.74&nbsp;million to US$58.61&nbsp;million). Guizhou Yongfu intends to finance the balance of the estimated construction costs through a combination of internally generated funds and additional third-party loans.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>Mr.&nbsp;Feilie Li, the Company's Chairman, commented on the loan: &#147;The loan signifies the bank&#146;s recognition of the Company&#146;s coal mine acquisition strategy and strong financial position. The loan also reduces our weighted average cost of capital and preserves our internal resources for future acquisitions in coal and non-ferrous metal/iron projects.&#148;</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>For the convenience of the reader, amounts in Renminbi (&#147;RMB&#148;) have been translated into United States dollars (&#147;US$&#148;) at the rate of US$1.00=RMB6.8253 quoted by The People&#146;s Bank of China as at April&nbsp;27, 2009. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate, or at all.</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; font-size:11pt" align=justify>This press release includes forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based upon assumptions believed to be reliable, but involve risks and uncertainties that may cause actual results of operations to differ materially from the forward-looking statements. Among the risks and uncertainties that could cause our actual results to differ from our forward-looking statements are our intent, belief and current expectations as to business operations and operating results of the Company, uncertainties regarding the governmental, economic and political circumstances in the People&#146;s Republic of China, risks and hazards associated with the Company&#146;s mining activities, uncertainties associated with ore reserve estimates, uncertainties associated with metal and coal price volatility, uncertainties associated with the Company&#146;s reliance on third-p
arty contractors and other risks detailed from time to time in the Company&#146;s Securities and Exchange Commission filings. Although the Company&#146;s management believes that the expectations reflected in forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to be accurate.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
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