Burnham advised China Global Mining Resouces in the structuring of its $44.5 million equity investment and acquisition of PRC Companies.

China Global Mining Resources (BVI) Limited (“CGMR”) a joint venture between Wits Basin Precious Minerals Inc. (OTCBB:WITM) and London Mining Plc (OB:LOND), completed the acquisition of two Chinese companies: Maanshan Xiaonanshan Mining Co., Ltd and Nanjing Sudan Mining Co., Ltd, which own an iron ore mine and concentrator plants located in the Anhui and Jiangsu Provinces of the Peoples Republic of China. The JV partners intend for these initial acquisitions to serve as a platform to establish CGMR as a significant iron ore supplier to the Chinese steel market.

Graeme Hossie, Managing Director of London Mining stated, "Our first investment in China provides us with immediate operating cash flow and accelerates our existing production profile. China is the world's largest steel producer and iron ore consumer by a significant margin and provides an excellent environment to grow our initial production platform. The recently announced Chinese domestic infrastructure programs provide opportunity for iron ore producers and London Mining aims to become a significant and reliable supplier of iron ore to the Chinese steel industry, both domestically and from other operations around the world. We are encouraged by the continued involvement of our Chinese partners and feel these relationships will generate unique opportunities for our global business."

Burnham Securities Inc. served as financial advisor to China Global Mining Resources (BVI). Burnham identified, structured, and negotiated the investment from London Mining, and led the execution process to finalize the structure, documentation, and closing of this transaction.