Rainbow Minerals Pte Ltd was established in Singapore on 21st May 2004 with main objectives for mining investments and trading activities of minerals, ores and related products in South Africa.

The company has 70% ownership of PMG Mining (Pty) Ltd established in South Africa to facilitate the investments. We have invested substantial funding in various projects and successfully acquired the mining rights for an iron ore mine and a manganese ore mine. The manganese ore mine namely ?BISHOP 671? is located in Postmasburg district with area of approximately 130 acres. Basing on the latest exploration report, the mine has an estimated reserve of 10 million metric tons.

The main stakeholder of Rainbow Minerals Pte Ltd is Guangxi Dameng Manganese Industry Company, a Chinese state-owned enterprise. Rainbow Minerals Pte Ltd operates in Singapore as the core business and financial centre taking charge of trade operation, mining activities and logistic activities in South Africa catering to the demands of the domestic and international markets.

Guangxi Dameng Manganese Industry Company, a wholly state-owned group of companies approved by the Peoples Government of Guangxi Zhuang Autonomous Region provincial government, was incorporated in July 2001 as an investment arm. The company is based in Nanning and there are currently six companies under their portfolio. It has a registered paid-up capital of 120 million Yuan and total assets of 650 million Yuan with staff strength of more than 2000 employees. The main activities of the company are in mining, production and processing of manganese, zinc-manganese, alkaline manganese, environmental protection battery, manufacturing of mechanical engineering parts and trading minerals and related ores.

Guangxi Dameng Manganese Industry Co., Ltd. with its rich mineral resource enhances the company in establishing the research and development of manganese products for expansion of the domestic and foreign markets. The production and sales figure doubled year on year, thus contributes to the rapid economic growth and social benefits. The company was among the top 50 enterprise since 2004 in Guangxi and won the title of ?Star Exporter Enterprise?.

Rainbow Minerals is mainly engaged in the mining, transportation and trading of manganese, manganese and its compounds used in various fields of modernization economy & industry. The steel industry accounts for 90-95% usage of Manganese, mainly as a deoxidizing agent and de-sulfrising agent in the iron and steel making process, as well as for the manufacture of alloys. The remaining 10% to 5% of manganese is used in other industrial areas, such as the chemical industry (manufacturing of various manganese salts), light industry (for batteries, matches, Indian paint, soap, etc.), the building materials industry (glass and ceramics colorants and bleaching agent), the defense industry, the electronics industry, as well as environmental protection and animal husbandry, etc.

Manganese products include metallurgical manganese ore, manganese carbonate powder, chemical manganese dioxide powder and battery with a manganese dioxide powder. The manganese products catering to the metallurgy sector, light industry sector and the chemical sector are of different quality / grade.

Rainbow Minerals main supply of manganese ore is from South Africa, which is of high percentage manganese & iron content and low percentage of phosphorus & low sulfur . The CIF price of manganese ore with similar grade to China's major ports ranges from United States of 5 dollars to $ 10 per DMTUMN. Even in weak economic condition, the price level at US$4.80 per DMTUMN is still profitable. The company has been actively committed in the expansion of the mine construction and at the fiscal year ended 2010-2011, the companys turnover was at US$ 14 million dollars.

Taking into consideration the long voyage from South Africa to China, Rainbow Minerals through PMG has been working vigorously in South Africa to develop the road, rail, container and bulk ship, a multi-channel mode of transport system. Through PMG, Rainbow Minerals has been allocated a stockyard for storage of the manganese ore at Durban port to facilitate competitiveness in trade & response to international ore price changes.

Rainbow Minerals through PMG has negotiated with the South African Railway Bureau, Transnet, for more capacity to utilize the railway in transportation of goods to the port reducing the dependency on inland road transport to more usage of rail-based, thus saving up to 30% of inland freight.

The existing Bishop mine has a monthly production capacity of 30,000 tons. Concurrently the construction of another mine, namely Paling, is in progress. Upon completion, the company is targeting to achieve a combined production of 10 million per month in the near future.

While focusing on the production of high-grade manganese, the company is also planning to enhance the profitability of low-grade manganese ore through blast furnace processing to produce ?iron phosphorus manganese-rich slag? at its smelter plants located in South African port and industrial zones, thus attaining a greater value in return.

Rainbow Minerals is embarking on a strategy towards the expansion on the range products and industrial growth. As such the international operations and mineral resources are key roles in fulfilling the social obligations, thus adhering to the spirit of innovation and entrepreneurship, a establish a "people-oriented industry, creating wealth, enhancing quality of life!