Network Exploration Ltd. — NETYF
Stock Guru spoke with Richard Schnoor, Director of International Operations for Network Exploration, Ltd. on Saturday and Sunday. He noted that the trade agreement signed between Chile and China in August of 2006 represented an important market for copper.
This was Beijing’s first trade agreement in South America. The agreement provides China better access to Chile’s extensive natural resources, such as copper, while Chile will be able to target the vast Chinese market. Chilean president Michelle Bachelet said the deal was a “milestone” in the country’s economic expansion. China is rapidly increasing trade agreements in the developing world to help fuel its surging demand for raw materials.
Chile is an ideal free-trade partner for Beijing; China is now the world’s biggest consumer of copper and Chile is the largest producer of the metal. The treaty will free 92% of Chile’s exports to China from customs tariffs, and remove Chilean tariffs on 50% of China’s exports.
Stock Guru: NETYF
Source: Richard Schnoor NETYF and BBC News Limited
Network Exploration Ltd. — NETYF
505 Burrard St.
Suite 1880
Vancouver, BC V7X 1M6
CAN
Website: http://www.net-explore.com
Phone: 604-681-3864
Fax: 604-681-1265
About Network Exploration: Network Exploration Ltd. is a mineral exploration Company committed to building shareholder value through the acquisition of base and precious metal properties in North and South America. For additional information, contact the company at 604 495-6302 or visit our website at www.networkexploration.com
Forward Looking Statements: This news release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
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