Edward Lancaster of Greywolf Resources NL
and Dehong Yu, CEO of Greywolf Resources NL are in negotiations with a large
Beijing based jade company to continue the acquisition of a significant South
Australian mine that would rejuvenate the jadeexport industry in Australia. Greywolf
Resources should undergo major restructure, says Chairman. Greywolf Resources Chairman Edward
Lancaster confirmed today to his Board of Directors that he felt that the
company should undergo a major restructure in order to take advantage of
renewed interest by major Chinese mining companies in the rare earth minerals
currently underdeveloped in exploration in Australia.
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