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<SEC-DOCUMENT>0000943440-09-000526.txt : 20091208
<SEC-HEADER>0000943440-09-000526.hdr.sgml : 20091208
<ACCEPTANCE-DATETIME>20091005110437
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000943440-09-000526
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20091005

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Response Letter</TITLE>
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<META NAME="date" CONTENT="10/04/2009">
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<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:11pt" align=center><B>CHINA NATURAL RESOURCES, INC.</B></P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:11pt" align=center><B>Room 2205, 22/F, West Tower, Shun Tak Centre</B></P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:11pt" align=center><B>168-200 Connaught Road Central</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt" align=center><B>Sheung Wan, Hong Kong</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt" align=center>October&nbsp;5, 2009</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt"><B>CORRESP</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt"><B>VIA EDGAR</B></P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:11pt">United States Securities and Exchange Commission</P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:11pt">100 F Street, N.E.</P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:11pt">Washington, D.C. 20549</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; padding-left:48px; text-indent:-48px; font-size:11pt">Attn:</P>
<P style="line-height:13pt; margin:0px; padding-left:48px; font-size:11pt">Chris White, Branch Chief</P>
<P style="line-height:13pt; margin:0px; padding-left:48px; font-size:11pt">Gary Newberry, Staff Accountant</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; font-size:11pt">George Schuler, Mining Engineer</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; padding-left:48px; font-size:11pt"><B>Re:</B></P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:48px; font-size:11pt"><B>China Natural Resources, Inc.</B></P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:48px; font-size:11pt"><B>Form&nbsp;20-F for the Year Ended December&nbsp;31, 2008</B></P>
<P style="line-height:13pt; margin:0px; padding-left:48px; text-indent:48px; font-size:11pt"><B>Staff Letter of Comment dated September&nbsp;21, 2009</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:48px; font-size:11pt"><B>SEC File No.&nbsp;0-26046</B></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt">Ladies and Gentlemen:</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; text-indent:48px; font-size:11pt" align=justify>We are writing to respond to the Staff&#146;s letter dated September&nbsp;21, 2009 relating to our Annual Report on Form&nbsp;20-F for the year ended December&nbsp;31, 2008 (the &#147;Annual Report&#148;). </P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; font-size:11pt">We respond to the Staff&#146;s comment as follows:</P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt"><U>Form&nbsp;20-F for the Fiscal Year Ended December&nbsp;31, 2008</U></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-17.333px; padding-left:48px; text-indent:-24px; font-size:11pt" align=justify><I>1.</I></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; font-size:11pt" align=justify><B><I>We have considered your responses to our prior comments number two, three and four in our letter of July&nbsp;20, 2009. We continue to believe these circumstances meet the definition of a correction of an error under Statement of Financial Accounting Standards 154. The stated policies in your Fiscal Year 2007 financial statements were to amortize mining rights based on estimated reserves and depreciate mine development costs over a life of 15-35 years, rather than amortizing based on proven and probable reserves as defined in Guide 7 and AICPA SEC International Practices Task Force Codification of Highlights as of March&nbsp;2003. As such, both cases appear to be a change from an accounting principle that is not generally accepted to one that is generally accepted, and therefore is a correction of an error. </I></B></P>
<P style="line-height:13pt; margin:0px; padding-left:49.867px; text-indent:-1.867px; font-size:11pt" align=justify><B><I>Based on your assessment of the materiality of the amounts involved, the guidance cited under Staff Accounting Bulletins 99 and 108 would require correction of these amounts in the financial statements for each year presented in any future filings. Please confirm that the effect of such corrections for years 2005 through 2008 will be made for the financial statements required to be presented in your Form&nbsp;20-F for Fiscal Year 2009. Please call us to discuss any questions you have in regard to these requirements.</I></B></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always">United States Securities and</P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange Commission</P>
<P style="margin:0px">October 5, 2009</P>
<P style="margin:0px">Page 2 of 2</P>
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<P style="line-height:13pt; margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-48px; font-size:11pt"><U>Response to Staff Comment 1</U>:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; text-indent:48px; font-size:12pt" align=justify>We confirm that our financial statements required to be presented in our Form&nbsp;20-F for Fiscal Year 2009 will include the effect of corrections of amounts for years 2005 through 2008, as referenced in Staff Comment 1.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:10.667px; text-indent:48px; font-size:12pt" align=justify>If you have any further questions or comments, please contact us or our counsel, Steven I. Weinberger, Esq., Schneider Weinberger &amp; Beilly LLP, 2200 Corporate Blvd., NW, Suite 210, Boca Raton, FL 33431, (561) 362-9595 (telephone), (561) 362-9612 (fax) and steve@swblaw.net (email).</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=308.6></TD><TD width=315.4></TD></TR>
<TR><TD valign=top width=308.6><P>&nbsp;</P></TD><TD valign=top width=315.4><P style="line-height:13pt; margin:0px; font-size:11pt">Very truly yours,</P>
</TD></TR>
<TR><TD valign=top width=308.6><P>&nbsp;</P></TD><TD valign=top width=315.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=308.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=315.4><P style="line-height:13pt; margin:0px; font-size:11pt">/s/ Li Feilie</P>
</TD></TR>
<TR><TD valign=top width=308.6><P>&nbsp;</P></TD><TD valign=top width=315.4><P style="line-height:13pt; margin:0px; font-size:11pt">Li Feilie</P>
</TD></TR>
<TR><TD valign=top width=308.6><P>&nbsp;</P></TD><TD valign=top width=315.4><P style="line-height:13pt; margin:0px; font-size:11pt">Chairman and Chief Executive Officer</P>
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