DEERFIELD BEACH, Fla., Feb. 25, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its wholly owned subsidiary, CDII Minerals, has entered into a framework agreement with Minera MAPSA S.A.("MAPSA"), a Peruvian mining and exploration company, to establish a joint venture to explore iron ore mining, distribution and production facilities opportunities in Peru. The companies will hold a joint press conference to discuss their plans on February 28, 2013 at 10:00 AM at the Swissotel in Lima Peru.
DEERFIELD BEACH, Fla., Feb. 20, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its CDII Minerals subsidiary has begun delivery of 10,000 metric tons of iron ore produced in Ecuador to a major Chinese trading company. The company expects to complete delivery of the iron ore, to be shipped out of the port of Guayaquil Ecuador, in the next two weeks.
DEERFIELD BEACH, Fla., Feb. 4, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced the completion of a trial sale of 7,000 metric tons of its Chilean iron ore by its CDII Minerals subsidiary shipped out of the port of Coquimbo Chile.
DEERFIELD BEACH, Fla., Jan. 9, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced it sees the Chinese government's elimination of the 10% magnesium export tax, effective January 1, 2013, having a positive impact on sales and gross margins for its Magnesium Segment in fiscal 2013.
DEERFIELD BEACH, Fla., Jan. 16, 2013 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that its International Magnesium Group subsidiary ("IMG") added four new magnesium customer orders in the first quarter of fiscal 2013.
DEERFIELD BEACH, Fla., Dec. 4, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced it intends to utilize two recently executed trade agreements providing for up to a total of $2.8 million in receivable and inventory based financing to expand its ongoing magnesium and commodities distribution businesses.
Resumes Distribution Efforts with Sale of Mexican Iron Ore and Reinitiates Bolivian Iron Ore Production after Bankruptcy Court Approves Settlement for CDII Trading Subsidiary
DEERFIELD BEACH, FL--(11/19/12) - CD International Enterprises, Inc. (“CD International”) (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today provided a business update for its international commodities distribution business.
DEERFIELD BEACH, Fla., Oct. 10, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, announced today the sale of our 51% interest in CDI Beijing International Trading Co., Ltd., a PRC company ("CDI Beijing") pursuant to the terms of an Equity Transfer Agreement for approximately $1.6 million. The sale of CDI Beijing will enable us to focus our operations in China solely on its magnesium production and distribution operations.
DEERFIELD BEACH, FL--(Marketwire - Oct 8, 2012) - CD International Enterprises, Inc. ("CD International") ( OTCQB : CDII ), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, announced today the sale of our 51% interest in Shanghai Lang Chemical Co., Ltd., a PRC company ("Lang Chemical") for $1.2 million as part of management's strategic plan to focus our operations in China on magnesium production and distribution.
DEERFIELD BEACH, Fla., Aug. 14, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (OTCQB:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, announced today its financial results for the third quarter and first nine months of fiscal 2012 ended June 30, 2012.
DEERFIELD BEACH, Fla., Aug. 10, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services, announced today that Hernan Welch, Chief Financial Officer, and Richard Galterio, Vice President, will host a conference call to discuss the Company's financial results for the third quarter of fiscal 2012 ended June 30, 2012.
DEERFIELD BEACH, FL--(Marketwire -07/10/12)- CD International Enterprises, Inc. ("CD International") (CDII), a U.S.-based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, announced today that its common stock will begin trading on the OTCQB Marketplace, under its current symbol "CDII" effective July11, 2012.
DEERFIELD BEACH, FL--(Marketwire -05/10/12)- CD International Enterprises, Inc. ("CD International") (CDII), a U.S.-based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, announced today its financial results for the second quarter of fiscal 2012 ended March 31, 2012.
DEERFIELD BEACH, FL--(Marketwire -05/03/12)- CD International Enterprises, Inc. ("CD International") (CDII - News), a U.S.-based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services, announced today that Hernan Welch, Chief Financial Officer, and Richard Galterio, Vice President, will host a conference call to discuss the Company's financial results for the second quarter of fiscal 2012 ended March 31, 2012.
DEERFIELD BEACH, Fla., March 26, 2012 /PRNewswire/ -- CDInternational Enterprises, Inc. ("CD International") (Nasdaq:CDII - News), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services, announced today that Mr. Alex Markin, Managing Director of its wholly owned subsidiary, International Magnesium Group, Inc. ("IMG"), has been invited to attend and speak at the Global Automotive Lightweight Materials 2012 Conference from April 25th -26th in London. IMG is the global marketing arm for CD International's Magnesium segment which is among the world's largest producers and distributors of pure magnesium products.
DEERFIELD BEACH, Fla., March 6, 2012 /PRNewswire/ -- CD International Enterprises, Inc. ("CD International") (NASDAQ: CDII - News), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services, announced today the results of a special shareholder meeting held on February 29, 2012. Following the February 29, 2012 special meeting of shareholders approving the issuance of our common stock with approximately 96% of the votes cast, CD International completed the acquisition of 100% of Golden Trust Magnesium Industry Co., Ltd. "Golden Trust" and 80% of Lingshi Xinghai Magnesium Industry Co., Ltd. "Lingshi Magnesium" for an aggregate of $26.7 million payable by a combination of $6.5 million in cash or assignment of intercompany loans, $15.5 million in shares of our common stock, and $4.7 million by way of transferring our interest in our Excel Rise Technology Co., Ltd. subsidiary. In addition, our shareholders approved an amendment to our articles of incorporation to change our corporate name from China Direct Industries, Inc. to CD International Enterprises, Inc.
Records Net Income of $3.1 Million or $0.08 per Basic and Diluted Share on Revenues of $36.9 Million
DEERFIELD BEACH, FL--(Marketwire -02/14/12)- China Direct Industries, Inc. (d/b/a CD International Enterprises) ("CD International") (NASDAQ: CDII - News), a U.S. based company that produces, sources, and distributes industrial commodities inChina and the Americas and provides cross border corporate advisory services, announced today its financial results for the first quarter of fiscal 2012 ended December 31, 2011.
DEERFIELD BEACH, Fla., Jan. 30, 2012 /PRNewswire/ -- China Direct Industries, Inc., d/b/a CD International Enterprises (NASDAQ: CDII - News), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services announced today that it will host a networking event from 4:00 pm to 9:00 pm on Monday February 6, 2012 at its worldwide headquarters located at 431 Fairway Drive, Suite 200, Deerfield Beach, Florida. Management invites its business partners, investors, and consultants to join us at this event as we look to expand our business network in 2012. Parties interested in attending the event should contact Peisha Shen at (954) 363-7325 or email Peisha at This email address is being protected from spambots. You need JavaScript enabled to view it. .
New Corporate Name Reflects Corporate Focus on Global Expansion of Its Operations
Deerfield Beach, Fla., January 23, 2012 – China Direct Industries, Inc. (NASDAQ: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services announced today that the Company’s board of directors has approved a change of the Company’s name to CD International Enterprises, Inc., subject to approval of its shareholders at the Company’s special shareholder meeting which is expected to take place in February 2012. There is no change planned to the Company’s NASDAQ trading symbol which will remain CDII.
Mr. Welch Brings Extensive International Finance Experience to Support Current Operations and Further Expansion in North and South America
Deerfield Beach, Fla., January 10, 2012 – China Direct Industries, Inc. (“China Direct Industries”) (NASDAQ: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services announced today that it has named Hernan Grant Welch to the position of Executive Vice President and Chief Financial Officer. Mr. Welch replaces Mr. Andrew Wang who will remain with the company as a consultant to the accounting and finance department. Mr. Welch joins the senior management team at China Direct Industries after spending the last several months as our Vice President of Finance and SEC Reporting.
Read more: 01/10/2012 - China Direct Industries Names Hernan Grant Welch Chief Financial Officer