CIC Mining Resources the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, announced that it has acquired CIC Logistics from Director Stuart J Bromley for nil consideration.

CIC Logistics focuses on infrastructure supply, major infrastructure development and funding. Having completed a phase of establishment and initial client development, CIC Logistics recently supplied highly specialized scanning equipment to Lonrho Plc from China National Aero-Technology Import & Export Corporation in a USD 2.65 million contract.

CIC Mining Resources intends to make CIC Logistics' key partners available to its advisory clients so as to provide potential funding on infrastructure requirements and to add value on resource related projects.

CIC Logistics is clear of all liabilities and expects to have net assets and net profit of CAD 450,000 for the financial year ending December 31st 2010.

The directors of CIC Mining Resources (excluding Stuart J.Bromley), having consulted with its nominated adviser, consider that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

Mr Stuart J Bromley chairman and CEO of CIC Mining Resources said that "Having migrated from South Africa to Western Australia in the mid seventies, I saw first-hand the major rail and port infrastructure that was later developed to transfer iron ore to the world markets. Today, there is a direct parallel between Africa, especially West Africa, and Western Australia in the early seventies in infrastructure terms. As a result of this acquisition, CIC Mining Resources now has an excellent platform and the right partners to aggressively go after the African continent's infrastructure build potential."