I got in after reading about this agreemnt - LANDMARK COOPERATIVE AGREEMENT SIGNED WITH CENTRAL GOVERNMENT MINERAL RESOURCES BUREAU.http://moneyam.uk-wire.com/cgi-bin/articles/200604050700300022B.html

I think this is an excellent agreement, it has certainly increased SCR's potential to discover precious metal many folds.

Some people may take this as a ramp but I honestly belive SCR will do what AEX has and is doing in the oil sector. With institutions buying into both companies I am happy to hold for longterm. Mining & oil is the sector to be IN for the next few years. Please DYOR.

http://uk.biz.yahoo.com/06042006/214/south-china-resources-rallies-isoft-sinks.html

The deal with the Xi'an Institute for Geology and Mineral Resources will cover 206.73km2 that includes the Lingkou copper-molybdenum region.

The Lingkou area comprises four separate coincident copper-molybdenum anomalies recently discovered by the Institute across the highly prospective belt.

"This is the first time a foreign mining company and the Chinese Central Government Geological Bureau have cooperated at this level," said managing director of South China Resources Steve Leithead.

"It establishes a unique platform from which South China Resources can establish itself as a leading foreign developer of base metals projects within China."

This could turn into something very special.

;o)

Just been alerted to the potential in scr.I intend to do my own limited research before commiting.
If any-one has the time and inclination could they briefly give me their views
of its potential pros.cons etc., bullet points.
Having been quiet dependent on the prospects of KMR.for some time i feel the time is right to diversify into futher mining potential plays.
Any response is appreciated.

anyone know if scr got tipped at the w/end. this is some run! when will the ride stop?

Hi Robert
No tips at the weekend AFAIAA.
Just solid buying.
Yet another record on the copper price has meant that investors are looking wherever possible for the next jewel in the sector.
Amongst the minnows this one stands out as one with great potential.
In theory there should be some profit taking at some stage - the problem is deciding whether it will be from this level or a far higher level.
It's a difficult call when you are trying to get in.

Ian

sold 50% at 51.1% profit, not bad for 4 days work[ sounds better than it is, only had 1000 shares to begin with.] if sp drops low enuf will buy back in again. this is definitely one to watch long term IMHO
Alex

Hi Robert,

There is no harm on taking some profit at that kind of margin, but I didn't have the guts to do that incase I could not buy it back. I expect it to be one of the best miners in China. I am holding for longterm and decided to top up again when it dropped a bit from 29p.
Have a look at GGG, another Chinese miners its going mad. There is an RNS out, people are realising that it would do the same as SCR. Both companies are good long term investment as China's economy grows IMO.

Thanks Kay,
just saw GGG thread and was looking into it. I am in now. I believe it may be worth a punt alongside SCR.
Alex

Another intersting link on the prospect of this company:

LONDON (ResourceInvestor.com) -- South China Resources [AIM:SCR] has been doing a great job so far in developing towards production its Danfeng copper-molybdenum project in Chinas Shaanxi province, but has now done a deal with the Xian Institute of Geology and Mineral Resources (XIGM) that as well as being the first of its kind, materially enhances SCRs investment proposition.

Cont: http://www.resourceinvestor.com/pebble.asp?relid=18660

Thanks Silvermeade. I'm in GFM too, since 2001. Thought then it was a good long termer. Agree SCR has similarities

Scr down to day, to be expected really after the recent rises good long term propects

Nice tick up today in a sea of RED, any news expected??

Man sold their notifiable interest today, so them selling may have held it down.

If if stayed blue today, it did very well.

In total man haved reduced by 25k since first rns regarding holding's. Check out this excellent research by smitb!

Excellent Company Research

Subsequently, on the 6th June 2006, the Company received notification that Man
Financial Limited had increased their holding and is now the beneficial owner of
4,750,000 Ordinary Shares, representing 3.02% of the issued share capital of the
Company.

How did I read that backwards???

Ref: Post #51 is a must read! That's what I call DYOR!!! Very Happy to hold :-)

Check this out!

WallStreetReporter

Nice Recovery today on no news except perhaps the WallStreet Reporter interview.:-)

Grant of Licences

RNS Number:6288F
South China Resources PLC
04 July 2006



South China Resources PLC



Grant of Business Licence and Issuance of Exploration Licence to

Joint Venture Company for the Danfeng Project, China





South China Resources PLC ("South China Resources" or "the Company") is pleased
to announce that its Joint Venture Company, the Shang Luo City Zhongbei Minerals
and Metal Development Company Limited ("the Joint Venture Company"), has
received both the Business Licence and the new Exploration Licence required to
progress the development of the Danfeng Copper Molybdenum Project ("Danfeng" or
"the Project"), the Company's flagship project situated in Shaanxi Province,
China.



South China Resources currently holds a 70% beneficial interest in the Joint
Venture Company and has three appointed Board Members. The Shaanxi Zhongbei
Mining Development Company Limited ("the Joint Venture Partner") currently holds
the remaining 30% of the beneficial interest in the Joint Venture Company and
has one member on the Board.



South China Resources received a Business Licence for the Joint Venture Company
on the 15th June 2006 and this is valid for twenty years. Following the issue of
the Business License, Exploration Licence number 6100000520002 previously only
in the name of the Joint Venture Partners has now been wholly re-issued by the
Ministry of Land and Resources in the name of the Joint Venture Company and now
carries Exploration Licence number 6100000620233. The new Exploration Licence
comprises the entire 10.6km(2) of the previous licence and encompasses the area
containing the high grade Danfeng Project.



South China Resources has now completed all procedural matters that are required
following the establishment of a Joint Venture Company in China.



Mr Steve Leithead, Managing Director of South China Resources, said from the
Company's Head Office in Xi'an - "This is a highly significant event for the
Company as we now have all the required permitting in place to allow us to
progress our Development Plans for Danfeng. We have received unanimous support
from the Mayoral Offices of Xi'an City, Shang Lou City and the Government of
Shaanxi Province. We look forward to a prosperous relationship with our Joint
Venture Partners, and re-affirm our commitment to working with the Government of
Shaanxi Province to develop an environmentally responsible, safe and
technology-focussed mining industry for the mutual benefit of Shareholders and
the people of Shaanxi Province."



To support on-going exploration and development activities at Danfeng, the Joint
Venture Partner has received its Forestry Permit from the Forestry Bureau. This
allows for ground disturbing activities to be undertaken in accordance with its
issuance and will further allow for an acceleration of development activities at
Danfeng.







Furthermore the Joint Venture Company has awarded the Xi'an Nuclear Industry
Geological Survey Institute ("Shaanxi Nuclear Institute") a contract to provide
technical support to the Danfeng Project.



The Shaanxi Nuclear Institute will be required to provide all documents relevant
to any Exploration Licence extension and/or conversion to a Mining Licence. To
this end the Shaanxi Nuclear Institute has already completed preliminary works
at Danfeng to commence the documentation and compilation of an Approved
Development Plan. This is part of a longer term approvals process that will be
required if and when a commercially viable mining project can be established at
Danfeng.



The Company intends to update the market on progress at the Danfeng Project in
the coming months once a full independent review currently being undertaken by a
leading Independent Geological Consultancy has been completed.





For further information, please contact:





South China Resources Parkgreen Communications

Alastair Clayton Cathy Malins/ Annabel Leather

+44 207 493 7671 +44 20 7493 3713





Notes to Editors:



South China Resources Plc is focussed on the acquisition and development of
mining assets in China. The Company believes that the opportunities available in
China are outstanding and that the next phase of the China-led commodities story
will be driven by companies operating in country, especially as China has huge
mineral wealth, but is still relatively unexplored. The Company's most advanced
project is the Danfeng Copper Molybdenum Project which is situated in Shaanxi
province.



The Danfeng Project is a medium tonnage, comparatively high-grade, mineralised
skarn porphyry related system, previously drilled, bulk sampled and defined by
Chinese exploration efforts and Copper Developments Pty Ltd. Drilling is
underway to take the previously reported resource to JORC standards. The near
surface mineralisation is ultra-high-grade, with molybdenum grades regularly in
excess of 3% and Copper grades regularly in excess of 4%. These molybdenum
grades are 20 times higher than the global mined average.



South China Resources also has a strategic landmark agreement in place with the
Xi'an Institute for Geology and Mineral Resources to evaluate a 206.73km2 area
which includes the Lingkou copper-molybdenum region in Luonan County, Shaanxi
Province.






This information is provided by RNS
The company news service from the London Stock Exchange
END