CIC Mining Resources the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors announced that it has entered into MoU with China Railway Materials Commercial Company Limited to provide clients of CIC Mining Resources with integrated rail and port services including but not limited to sourcing and supplying materials and equipment, conducting feasibility studies and the design and management of railway and port construction.

CRM is a large scale Chinese state owned corporation specialized in the integrated provision of railway materials and equipment. CRM has participated in the sourcing, supplying and management of materials for almost all the major railway construction projects in China, it holding the exclusive right to source and supply critical materials concerning the safety of the railway line infrastructure in China. Major business activities of CRM include the integrated sourcing and supply of railway materials and equipment, integrated railway related logistics, and railway related investment around the world.

As part of the Agreement, CRM has agreed to provide relevant clients of CIC Mining Resources with a free scoping study which will set out a summary of the basic rail and port infrastructure requirements for a project including specifying construction materials, project management, indicative timetable and associated budget costs as well as any other matters CRM may consider relevant to a project. The CRM scoping study will be provided to the Company's clients through CIC Logistics Limited, a wholly owned subsidiary of the Company.

In return, CRM will, subject to completion of definitive agreements with each of the Company's clients, be the sole provider of services within an agreed scope for a project on commercially reasonable terms.

CRM recently provided major capital investment to Africa Minerals Ltd in Sierra Leone for an iron ore project.

Mr Stuart J Bromley chairman and CEO of CIC Mining Resources said that "We are delighted to have entered into this agreement with a globally respected rail infrastructure company. We envisage their services to be delivered through CIC Logistics as well as their access to potential capital, to be of critical importance in bringing potential mining projects into production both within China and the wider mining markets, in particular Africa."