**Exhibit      10.43**

**Supplemental      Agreement**

**Revised      Payment Schedule to the JV Agreement**

| **Date**                         |   | **Note** |                | **Amount (RMB million)** |   |
|----------------------------------|--------|----------|---------------------|------------------------------------|--------|
| 20                June 2007      |   |     | 1,                4 |                               |   | 15,460,000 |   |
| 5                July 2007       |   |     |                |                               |   | 23,190,000 |   |
| 5                August 2007     |   |     |                |                               |   | 38,650,000 |   |
| 30                September 2007 |   |     |                |                               |   | 77,300,000 |   |
| 31                October 2007   |   |     |                |                               |   | 77,300,000 |   |
| 31                December 2007  |   |     |                |                               |   | 193,250,000 |   |
| **Sub-total**                    |   |     | 2                   |                               |   | **425,150,000** |   |
| 31                December 2007  |   |     | 3                   |                               |   | 154,600,000 |   |
| **Total**                        |   |     | 5                   |                               |   | **579,750,000** |   |

| l. | The                payment of RMB15,460,000 on 20 June 2007 is subject to the execution                of a                supply agreement between Shanxi Hua Ze Nickel Smelting Co., Ltd and                China                Global Mining Resources Limited for the purchase by China Global                Mining                Resources Limited of fourty (40) metric tonnes of electrolytic nickel                (>99%). Shanxi Hua Ze Nickel Smelting Co., Ltd shall engage an import                export agent to export the processed nickel cobalt to China Global                Mining                Resources Limited. The payment will be made to an account at a bank                in                China designated by Shanxi Hua Ze Nickel Smelting Co.,                Ltd. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Of                the total payment of RMB425.15 million above, RMB270.55 million has                to be                used for development and construction of mine in Qinghai, and smelting                plant and facilities in Shaanxi, both of which are owned by Shaanxi                Hua Ze                Nickel Smelting Company, and the remaining RMB 154.6 million will                be used                for repayment of loans and settlement of other outstanding                payables. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | RMB                154.6 million will be used for acquisition of additional land area                which                contains approximately 200,000 tonnes of nickel                resources. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | After                the first payment of RMB15.46 million is made on 20 June 2007, SRK                will be                commissioned to prepare an updated geological report on the nickel                mine. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | It                is a condition that on the completion of the above mentioned payment                of                RMB579,750,000 by 31 December 2007 the shareholders of the proposed                Joint                Venture will comprise only: |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| China                Global Mining Resources Limited  |   |   | 40 | % |
|-------------------------------------------------------|--------|--------|----|---|
| Shanxi                Hua Ze Nickel Smelting Co., Ltd |   |   | 60 | % |

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| 6. | The                parties shall use their best endeavours to complete the due diligence                and                to execute the final joint venture contract and articles of association                within 45 days of making the payment under the supply contract referred                to                in paragraph 1. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Additional      Equity Purchase**

| Ø   | Referring                to Clause 4.8 of the JV Agreement, China Global Mining Resources                Limited                has the right to purchase an additional 40% equity interest in the                Joint                Venture from Shanxi Hua Ze Nickel Smelting Co., Ltd for an amount                of                RMB579.75 million on or before 15 June 2008 and Mr Wang Ymg Hu and                Shanxi                Hua Ze Nickel Smelting Co., Ltd shall use their best endeavours to                ensure                that the transfer of that 40% equity interest is approved by the                relevant                government authorities. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Signature | /s/ |
|-----------|-----|

| China                Global Mining Resources Limited |   |                                                 |
|------------------------------------------------------|--------|------------------------------------------------------|
|                                                 |   |                                                 |
| Authorised                Representative             |   | For                and on behalf of                  |
|                                                 |   | CHINA                GLOBAL MINING RESOURCES LIMITED |
|                                                 |   | [                 ]                             |
|                                                 |   |                                                 |   |
| Signature                                            |   | /s/                                                  |   |
|                                                 |   | *Authorised                Signature(s)*             |

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