QuadTech International, Inc. (OTCBB: QTII)
QuadTech International, Inc. knows that global means total world-wide saturation. Globalization, organization, and an international footprint mean profits. Mining is an international business and QuadTech goes where the business is – the mines. QuadTech International, Inc. believes iMine will work in every zone. Globalization is integrating people and expertise – QuadTech’s specialty.
By targeting China QuadTech International, Inc. indirectly focuses on Africa. In landlocked Zambia, one of Africa’s poorest countries, China has been eagerly welcomed as a much-needed new aid, trade and investment partner. The countries, each with a socialist history, have ties dating to Zambia’s anti-colonial struggle in the early 1960s, when China backed liberation movements across the continent.
Today, however, China’s focus is business. In recent years it has become the third-biggest investor in Zambia behind South Africa and Britain, pouring more than $300 million into mines, manufacturing projects, construction companies and agriculture, according to the Chinese Embassy in Lusaka. It has invested $150 million in reopening the Chambishi copper mine in Zambia’s north, creating almost 2,000 jobs, and plans a $100 million smelter at the plant as well. It is mining coal in Choma, processing copper and cobalt ore in Kitwe and smelting copper in Ndola. Nearly all the minerals are being shipped to China.
Safety concerns have been an issue at other Chinese plants in Zambia as well. In April of 2006, 49 miners were killed in an accident at the Chinese-run Chambishi copper mine, the worst mining accident of the year in Zambia.
QuadTech International, Inc. provides the high techonology – low cost solution to the world-wide mining industry.
“We are very pleased that our technology partner, iPackets International (OTC: IPKL), has developed a solution to meet both the organizational demands of our customers and the sales demands of our distribution partners in such a short period of time,” said John Meier, president and chief executive officer at QuadTech. “With the new 810C compact model, we believe we are better positioned to sell more devices to our customers, thereby generating additional revenues and enhancing shareholder value.”
Source: QuadTech International, Inc.
Source: Copyright (c) 2006, Chicago Tribune Distributed by Knight Ridder/Tribune Business News. For information on republishing this content,contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax(213) 237-6515, or e-mail reprints@krtinfo.com
Laurie Goering , Knight Ridder Tribune Business News. Washington: Feb 19, 2006. pg. 1
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