TXNM Tianxin Mining (USA), Inc. featured news, full reports, and detailed charts
Tianxin Mining (USA), Inc. (TXNM/TXNM.PK) Wrap Up:
Tianxin Mining (USA), Inc. engages in mining, concentrating, sintering, and grinding businesses. It operates two iron ore areas and concentrating mills that produce refined ferrous powder for granulation used by iron and steel manufacturers. The company also produces molybdenum, copper, silver, and gold, as well as titanium. Its iron ore mine project covers an area of approximately 733370 square meters. In addition, the company offers metal materials, wood, and plastic products, as well as involves in processing and retailing, paper made products retailing, mining equipment wholesale and retail, and the export of technology products. The company was founded in 2002 and is headquartered in Ti...Tianxin Mining (USA), Inc. (TXNM:OTC)
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Market Cap
20.4M
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Total Revenue
9.6M
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EBITDA
2.9M
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DILUTED EPS TTM
0.12
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P/E
8.4x
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P/S
0.0x
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Return On Asset
23.68
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Return On Equity
52.13
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| K = Thousands M = Millions B = Billions | ||
TXNM Top Compensated Officers
Executives, Board Directors
Key developments for Tianxin Mining (USA), Inc. (TXNM)
Tianxin Mining Industry Co. Ltd. announced that it has signed a 10-year supply agreement with Handan Iron & Steel Group to supply at least 300,000 tons of refined ferrous powder in 2008 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 Industry Co. Ltd. (Tianxin Mining (USA) Inc.) announced that its net income for the calendar year 2007 totaled $2.407 million. This compares to a loss of $19,161 in 2006. Revenues in 2007 totaled $9.612 million compared to revenues of $252,073 in 2006. The bulk of the revenues occurred in the last three months of 2007 following a period of construction earlier in the year.
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Industry Analysis
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TXNM transactions
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TIANXIN MINING (USA), INC. Financials
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