<SEC-DOCUMENT>0000943440-13-000226.txt : 20130402
<SEC-HEADER>0000943440-13-000226.hdr.sgml : 20130402
<ACCEPTANCE-DATETIME>20130228094121
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000943440-13-000226
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130228

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
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<TITLE>Response Letter</TITLE>
<META NAME="author" CONTENT="Bon Yue">
<META NAME="date" CONTENT="02/27/2013">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px; font-family:Calibri,Times New Roman; font-size:9pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>CHINA NATURAL RESOURCES, INC.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Room 2205, 22/F, West Tower, Shun Tak Centre</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>168-200 Connaught Road Central</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Sheung Wan, Hong Kong</B></P>
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<P style="margin:0px; font-size:11pt" align=center>February 27, 2013</P>
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<P style="margin:0px; font-size:11pt"><B>CORRESP</B></P>
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<P style="margin:0px; font-size:11pt"><B>VIA EDGAR</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">United States Securities and Exchange Commission</P>
<P style="margin:0px; font-size:11pt">100 F Street, N.E.</P>
<P style="margin:0px; font-size:11pt">Washington, D.C. &nbsp;20549</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:56px; font-size:11pt; float:left">Attn:</P>
<P style="margin:0px; text-indent:-2px; font-size:11pt">Tia Jenkins, Senior Assistant Chief Accountant</P>
<P style="margin:0px; text-indent:56px; font-size:11pt; clear:left">James Giugliano, Staff Accountant</P>
<P style="margin:0px; text-indent:56px; font-size:11pt">Brian Bhandari, Staff Accountant</P>
<P style="margin:0px; text-indent:56px; font-size:11pt">John Coleman, Mining Engineer</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:28px; width:56px; font-size:11pt; float:left"><B>Re:</B></P>
<P style="margin:0px; text-indent:-2px; font-size:11pt"><B>China Natural Resources, Inc.</B></P>
<P style="margin:0px; text-indent:56px; font-size:11pt; clear:left"><B>Form 20-F for the Year Ended December&nbsp;31, 2011</B></P>
<P style="margin:0px; text-indent:56px; font-size:11pt"><B>Staff Letter of Comment dated February 13, 2013</B></P>
<P style="margin:0px; text-indent:56px; font-size:11pt"><B>SEC File No. 0-26046</B></P>
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<P style="margin:0px; font-size:11pt">Ladies and Gentlemen:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:32px; font-size:11pt" align=justify>We are writing to respond to the Staff&#146;s letter dated February 13, 2013, relating to our Annual Report on Form 20-F for the year ended December&nbsp;31, 2011 (the &#147;Annual Report&#148;). &nbsp;</P>
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<P style="margin:0px; text-indent:32px; font-size:11pt">We respond to the Staff&#146;s comments as follows:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B><U>Staff Letter dated February 12, 2013</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><U>Form 20-F for the Fiscal Year Ended December&nbsp;31, 2011</U></P>
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<P style="margin:0px; font-size:11pt"><U>Coal Mining Operations</U></P>
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<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-size:11pt; float:left"><B><I>1.</I></B></P>
<P style="margin:0px; padding-left:24px; text-indent:-2px; font-size:11pt" align=justify><B><I>We note your response to comment 3 from our letter dated December 21, 2012. Additionally we note from your disclosure that your coal reserves are JORC compliant and that they may differ substantially from the protocols recognized in the United States. Only mineral reserves meeting the standards and terminology defined within Industry Guide 7 may be disclosed in filings with the United States Securities and Exchange Commission. In future filings provide additional disclosure to clarify.</I></B></P>
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<P style="margin:0px; font-size:11pt" align=center>&nbsp;<B>1</B> / <B>3</B></P>
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<P style="margin:0px; font-size:11pt" align=justify><U>Response to Staff Comment 1</U>:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>The Company has discussed the Staff&#146;s comment with Behre Dolbear and proposes to disclose in future filings, in place of the disclosure that the Company&#146;s JORC-compliant protocols may differ materially from protocols recognized in the United States, the following or substantially similar disclosure:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:48px; padding-right:48px; font-size:11pt" align=justify>While there are technical accounting variations between proven and probable reserves determined under JORC-compliant protocols and protocols compliant with Industry Guide 7, management understands that those variations do not result in any material differences between the proven and probable reserves of the Company, whether determined under JORC-compliant protocols or protocols compliant with Industry Guide 7.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-size:11pt; float:left"><B><I>2.</I></B></P>
<P style="margin:0px; padding-left:24px; text-indent:-2px; font-size:11pt" align=justify><B><I>We note that your materials designated as non-reserve coal are also defined as inferred resources. A non-reserve coal deposit is a coal bearing body that has been sufficiently sampled and analyzed in trenches, outcrops, drilling and underground workings to assume continuity between sample points, and therefore warrants further exploration stage work. This coal does not qualify as a commercially viable coal reserve until a final comprehensive evaluation based upon unit cost per ton, recoverability, and other material factors concludes legal and economic feasibility. Non-reserve coal deposits should not be based on geologic inference. In future filings please remove any non-reserve materials that are based on geologic inference.</I></B></P>
<P style="line-height:12pt; margin:0px; clear:left" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:11pt" align=justify><U>Response to Staff Comment 2</U>:</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:11pt" align=justify>In future filings the Company proposes to remove any references to non-reserve materials that are based on geologic inference.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:24px; font-size:11pt; float:left"><B><I>3.</I></B></P>
<P style="margin:0px; padding-left:24px; text-indent:-2px; font-size:11pt" align=justify><B><I>In future filings please ensure your mineral reserves correspond to your fiscal year end.</I></B></P>
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<P style="margin:0px; font-size:11pt" align=justify><U>Response to Staff Comment 3</U>: </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>In future filings, presentation of the Company&#146;s mineral reserves will correspond to its fiscal year end.</P>
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<BR></P>
<P style="margin:0px; font-size:11pt" align=center>&nbsp;<B>2</B> / <B>3</B></P>
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<P style="margin:0px; text-indent:32px; font-size:11pt" align=justify>We acknowledge that:</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:32px; width:64px; font-family:Symbol; font-size:11pt; float:left">&#183;</P>
<P style="margin:0px; padding-left:64px; text-indent:-2px; font-size:11pt" align=justify>the Company is responsible for the adequacy and accuracy of the disclosure in the filing;</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:32px; width:64px; font-family:Symbol; font-size:11pt; float:left">&#183;</P>
<P style="margin:0px; padding-left:64px; text-indent:-2px; font-size:11pt" align=justify>staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:32px; width:64px; font-family:Symbol; font-size:11pt; float:left">&#183;</P>
<P style="margin:0px; padding-left:64px; text-indent:-2px; font-size:11pt">the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:32px; font-size:11pt">If you have any further questions or comments, please contact us or our counsel, Steven I. Weinberger, Esq., 1200 Federal Highway, Suite 200, Boca Raton, FL 33432, (561) 210-8516 (telephone), (888) 825-6417 (fax) and steve@southfloridacorporatelaw.com (email).</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=324.6 /><TD width=270.467 /><TD width=28.933 /></TR>
<TR><TD style="margin-top:0px" valign=top width=324.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-size:11pt">Very truly yours,</P>
</TD><TD style="margin-top:0px" valign=top width=28.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=324.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=28.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=324.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=270.467><P style="margin:0px; font-size:11pt">/s/ Li Feilie</P>
</TD><TD style="margin-top:0px" valign=top width=28.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=324.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-size:11pt">Li Feilie</P>
</TD><TD style="margin-top:0px" valign=top width=28.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=324.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-size:11pt">Chairman and Chief Executive Officer</P>
</TD><TD style="margin-top:0px" valign=top width=28.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
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<P style="margin:0px; font-size:11pt" align=center>&nbsp;<B>3</B> / <B>3</B></P>
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