Chile Mining Tec (LVEN)

Chile Mining Technologies, Inc. was incorporated in the State of Nevada on September 26, 2007 under the name SMSA El Paso I Acquisition Corp., to effect the reincorporation of Senior Management Services of El Paso Sunset, Inc., a Texas corporation, from Texas to Nevada. The parent-subsidiary merger and name change became effective on December 30, 2008, after which the Company was renamed as Chile Mining Technologies, Inc. The Company is a mineral extraction company based in the Republic of Chile, with copper as its principal pay metal. By utilizing Minimum Intrusion Non-traditional Input, or MINI, plants, the Company builds scalable, less expensive plants closer to source material deposits. The initial design capacity of each MINI plant is between approximately 1,200 and 2,000 metric tons of annual copper cathode output. The Company's first scalable MINI plant, designated as the Ana Maria plant, is located about northeast of the town of Illapel, in the mining district of Matancilla and operations commenced in July 2009 and has a total capacity of 180 metric tons per month and plans to commence operations at its second MINI plant Santa Filomena. Its total annual capacity is 2,225 metric tons. The Company's main product is main product is copper, in the form of copper cathode. It plans to sell copper cathodes to Madeco, the largest cable producer in Chile. The Company has no competitors in Chile that extract copper exclusively from smaller producers or abandoned tailings sites utilizing MINI plants.