HASBROUCK HEIGHTS, N.J., June 13, 2012 (GLOBE NEWSWIRE) -- All Grade Mining (OTCBB:HYII), a development-stage company focused on the extraction of iron ore, today announced that the company has entered an agreement with Foreign Commerce Consultative Services, Inc. (FCCSI) to facilitate the permitting process for its Salitrosa iron property located in Chile in addition to executing all of its mining operations.
Following the submittal of an Environmental Impact Declaration, the Chilean government requires a series of sectorial permits to be submitted for approval prior to any mining operation to commence whether mining for iron ore, copper, silver or any other minerals in the region. Although the process is extensive, the proper submittal of paperwork ensures a seamless progression into the final stages of being able to start excavation.
Foreign Commerce Consultative Services, Inc. is a full-service consulting firm in the mining sector, provides a full spectrum of services to manage any project from exploration planning through production and delivery. With knowledge in both mining and logistics, FCCSI has been serving as a consultant in South America, primarily Chile, to assess and evaluate iron and copper trading opportunities as well as infrastructure and maritime transportation obstacles within the Chilean mining industry. Successful consulting assignments in Chile led to principle investing endeavors such as the Salitrosa project. CEO and Director of FCCSI, Antonio Alvarez, will head the permitting and exploration efforts on All Grade Mining's Salitrosa project.
Gary Kouletas, CEO of All Grade Mining, commented, "We are very excited to work with such a great team of experts in mining and logistics. FCCSI has established a strong reputation with the Chilean government and we believe working with its industry leaders will enable All Grade Mining to commence its mining efforts on the Salitrosa property this summer."
About All Grade Mining, Inc.
All Grade Mining is a development-stage company whose mission is to acquire mining concessions in all phases, all sizes and all minerals. The Company is currently focused on the extraction of iron ore in South America, primarily in Chile and has established an experienced team of executives and mining professionals to lead its exploration and excavation efforts.
For more information please visit: www.AllGradeMining.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.