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Company Overview

CI Resources Limited (ASX: CII) has interests in a growing portfolio of phosphate assets in Australia and China.

Phosphate is one of the primary ingredients of agricultural fertilisers, and is expected to undergo a significant increase in demand in the future, underpinned by the need for more intensive agricultural production techniques to support the world’s growing population, and provide better, healthier diets to people in developing countries.

CI Resources was incorporated on 18 June 1987 (originally operating under the name Asset Backed Holdings Limited), and listed on the Australian Stock Exchange on 24 July 1987.

CI Resources’ key assets are:

• 50.49% interest (1,728,580 shares out of 3,423,507 as at 31 March 2010) in Phosphate Resources Limited, a public unlisted Australian company whose principal activity is mining, processing and sale of phosphate rock and phosphate dust from its 100%-owned phosphate mine on Christmas Island.
  
• 100% interest in Xifeng International Pte Ltd, a Singaporean company.

The Company intends to build its interest in Phosphate Resources Limited and will seek to increase its shareholding at a pace permitted under the Corporations Act. In addition, CI Resources continues to examine the international phosphate market for any new investment opportunities that may become available.