Tianxin Mining Industry Co., Ltd., Announces 10-Year Supply Agreement With Major Chinese Iron and Steel Manufacturer

Share Name	Share Symbol	Market	Type
TXNM Energy Inc	NYSE:TXNM	NYSE	Common Stock

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TXNM Energy Inc

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	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	40.64				0	01:00:00

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Tianxin Mining Industry Co., Ltd., Announces 10-Year Supply Agreement With Major Chinese Iron and Steel Manufacturer

28/02/2008 10:00am

PR Newswire (US)

TXNM Energy (NYSE:TXNM)
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TIANJIN, People's Republic of China, Feb. 28 /PRNewswire-FirstCall/ -- Tianxin Mining Industry Co., Ltd. (Pink Sheets: TXNM) today announced that it has signed a 10-year supply agreement with Handan Iron & Steel Group, one of the largest such entities in China, to supply at least 300,000 tons of refined ferrous powder this year and 800,000 tons annually in future years. Refined ferrous powder is an ingredient in the manufacture of iron and steel, for which there is a large demand in China. With two mines whose reserves total more than 350 tons, concentrating mills in Hebei and Shanxi Provinces in the Northern China plain, and employing more than 300 people, Tianxin Mining (http://www.txnmotc.com/) has grown into one of the country's most prominent mining companies. "We in the future will develop copper, silver, gold and molybdenum resources," said Lin Jia Zhen, President. "The prospects for solid, significant growth for our Company remain excellent." Tianxin's President said 2008 international iron ore prices have risen by 65 percent, while prices in China are increasing at the same level. Forward-Looking Statements All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any obligation to update any statements in this press release. Company CONTACT: web site: http://www.txnmotc.com/ (514) 578-0586 CONTACT: Tianxin Mining Industry Co., Ltd. Paul Knopick E & E Communications (949) 707-5365 DATASOURCE: Tianxin Mining Industry Co., Ltd. CONTACT: Tianxin Mining Industry Co., Ltd., +1-514-578-0586, ; or Paul Knopick of E & E Communications, +1-949-707-5365, , for Tianxin Mining Industry Co., Ltd. Web site: http://www.txnmotc.com/

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