UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-QSB

[X]  Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act
of 1934

For the quarterly period ended September 30, 2000

[ ]  Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from        to
                               -------   --------

                     Commission File Number 333-79405
                         NATALMA INDUSTRIES, INC.
          ----------------------------------------------------
         (Exact name of registrant as specified in its charter)

        Nevada                                     88-0409369
 ---------------------------                   -----------------
(State or other jurisdiction                   (I.R.S. Employer
of incorporation or organization               Identification No.)
          1550 Ostler Court
     N. Vancouver, B.C., Canada                     V7G 2P1
(Address of principal executive offices)          (Zip Code)
 ------------------------------------------------------------------
  Registrant's telephone number, including area code (604) 990-2072
                                None
     ---------------------------------------------------------
     Former Name, Address and Fiscal Year, if Changed Since
     Last Report

Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the
past 90 days.   Yes   X      No

The number of shares outstanding of the registrant's common stock as of
September 30, 2000 was 11,500,000.

Registrant's Form SB-2/A and all exhibits thereto, filed on March 17,
2000 are incorporated herein by reference.

                                       1
<PAGE>




                             PART  1



Item 1.  Financial Statements

The financial statements included herein have been prepared by the
Company, without audit, pursuant to the rules and regulations of
the Securities and Exchange Commission.  Certain information and
footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles
have been omitted.  However, in the opinion of management, all
adjustments (which include only normal recurring accruals) necessary
to present fairly the financial position and results of operations
for the period presented have been made.  The results for interim
periods are not necessarily indicative of trends or of results to
be expected for the full year.  These financial statements should
be read in conjunction with the financial statements and notes
thereto included in the Company's registration statement on Form
SB2/A, filed concurrently herewith.








                                      2
<PAGE>
<TABLE>
<CAPTION>
                      NATALMA INDUSTRIES, INC.
                            Balance Sheet
                           A S S E T S
                           -----------
<S>                                       <C>               <C>
                                     September 30       December 31
                                         2000               1999
                                         ----               ----
                                     (Unaudited)         (Audited)
Current Assets
--------------
    Cash                              $    6,591         $   10,158
                                      ----------         ----------
         Total Current Assets              6,591             10,158
Other Assets
------------
    Mineral Properties                    55,500             55,500
                                      ----------         ----------
         Total Other Assets               55,500             55,500
         Total Assets                 $   62,091         $   65,658
                                      ==========         ==========

                          L I A B I L I T I E S
                          ---------------------
Current Liabilities
-------------------
   Accounts payable                   $    1,510         $    2,577
   Officer Advances                           -                  -
                                      ----------         ----------
        Total Current Liabilities          1,510              2,577
                                      ----------         ----------
        Total Liabilities                  1,510              2,577
   Commitments and Contingencies              -                  -

                  S T O C K H O L D E R S'  E Q U I T Y
                  -------------------------------------
Common Stock                              11,500             11,500
25,000,000 authorized shares,
par value $.001, 11,500,000
shares issued and outstanding

Additional Paid-In-Capital                53,930             53,930
Accumulated Deficit during the
Development Period                        (4,849)            (2,349)
                                      ----------          ----------
        Total Stockholders'
        Equity (Deficit)                  60,581             63,081
                                      ----------          ----------
        Total Liabilities
        and Shareholders' Equity          62,091              65,658
                                      ==========          ==========
</TABLE>
[FN]
The accompanying notes are integral part of the consolidated financial
statements.
</FN>
                                       3
<PAGE>
<TABLE>
<CAPTION>
                        NATALMA INDUSTRIES, INC.
                        Statement of Operations
                             (Unaudited)

                                                                                ------------------------------------------------
                               Three Months Ended         Nine Months Ended
                                  September 30              September 30
                             ----------------------------------------------
                              2000         1999          2000        1999
                             ==========   =========     =========    ========
<S>                            <C>          <C>           <C>          <C>
Revenues:
---------
  Revenues                           -           -               -           -
                             ----------   ---------       ---------    --------
    Total Revenues           $       -    $      -        $      -     $     -

Expenses:
---------
  Professional fees                 201           -             671          -
  Operating Expenses                270          236          1,829       1,762
                             ----------    ---------       --------     -------
     Total Expenses                 471          236          2,500       1,762

     Net Income before Taxes $    (471)    $   (236)       $ (2,500)    $(1,762)

Provision for Income Taxes:
---------------------------
  Income Tax Benefit                 -            -               -           -

     Net Income (Loss)       $    (471)    $   (236)       $ (2,500)    $(1,762)
                             ==========    =========       =========    ========
Basic and Diluted Earnings
Per Common Share               (0.0000)     (0.0000)        (0.0002)    (0.0002)
                             ----------    ---------       ---------    --------
Weighted Average number of
Common Shares used in
per share calculations       11,500,000    11,500,000     11,500,000  11,500,000
                             ==========    ==========     ==========  ==========
</TABLE>
[FN]
The accompanying notes are integral part of the consolidated financial
statements.
</FN>
                               4
<PAGE>
<TABLE>
<CAPTION>
                         NATALMA INDUSTRIES, INC.
                   Statement of Stockholders' Equity
                       As of September 30, 2000
                               (Unaudited)

<S>                             <C>         <C>       <C>        <C>       <C>
                                                                         Stock-
                                          $0.001    Paid-In  Accumulated holders
                               Shares    Par Value  Capital    Deficit   Equity
                             ----------  ---------  --------  --------- --------
Balance, January 1, 1999      3,000,000      3,000        -          -     3,000

Issuance of common stock      8,500,000      8,500    72,000         -    80,500

Expenses for stock offering          -          -   (18,070)         -  (18,070)

Net Income (Loss)                    -          -         -     (2,349)  (2,349)
                             ==========  =========  ========  =========  =======

Balance, December 31, 1999   11,500,000     11,500    53,930    (2,349)   63,081
                             ----------  ---------  --------  ---------  -------
Net Income (Loss)                                               (2,500)  (2,500)
                             ----------  ---------  --------  ---------  -------

Balance, September 30, 2000  11,500,000     11,500    53,930    (4,849)   60,581
                             ==========  =========  ========  =========  =======

</TABLE>
[FN]
The accompanying notes are integral part of the consolidated financial
statements.
</FN>
                                5
<PAGE>
<TABLE>
<CAPTION>
                         NATALMA INDUSTRIES, INC.
                         Statement of Cash Flows
                               (Unaudited)

                                           ------------------------------------
                                                 For the Nine Months Ended
                                                        September 30
                                           ------------------------------------
                                                 2000                1999
                                           ----------------     ---------------
<S>                                              <C>                  <C>
Cash Flows from Operating Activities:
-------------------------------------
Net Income (Loss)                          $        (2,500)     $       (1,762)

Adjustments to reconcile net loss to net
cash provided (used) to operating activities:

  Organizational costs expenses under SOP 98-5            -                 125
  Increase (Decrease) in Accounts Payable            (1,067)                400
                                           -----------------    ---------------
     Total Adjustments                               (1,067)                525
                                           -----------------    ---------------
Net Cash Used in Operating Activities      $         (3,567)    $       (1,237)

Cash Flows from Investing Activities:
-------------------------------------
  Purchase of Mineral Properties                          -            (55,000)
                                           -----------------    ---------------
Net Cash Used in Investing Activities      $              -     $      (55,000)
                                           -----------------    ---------------
Cash Flows from Financing Activities:
-------------------------------------
  Payments on Stockholder Advance                         -            (14,483)
  Proceeds from Issuance of Stock                         -             79,983
  Costs Incurred to Raise Capital                         -             (3,008)
                                           -----------------    ---------------
Net Cash Provided for Financing Activities $              -     $       62,492
                                           -----------------    ---------------
Net Increase (Decrease) in Cash            $         (3,567)    $        6,255
Cash Balance, Begin Period                            10,158             4,490
                                           -----------------    ---------------
Cash Balance, End Period                               6,591            10,745
                                           =================    ===============
Supplemental Disclosures:
  Cash Paid for Interest                   $              -     $            -
  Cash Paid for income taxes               $              -     $            -
</TABLE>
[FN]
The accompanying notes are integral part of the consolidated financial
statements.
</FN>
                                    6
<PAGE>
                           NATALMA INDUSTRIES, INC.
                        Notes to Financial Statements

Note 1  -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization
------------
Natalma Industries, Inc. ("the Company") was incorporated under the laws of the
State of Nevada on July 9, 1998 for the purpose to promote and carry on any
lawful business for which a corporation may be incorporated under the laws of
the State of Nevada. The company has a total of 25,000,000 authorized common
shares with a par value of $.001 per share and with 11,500,000 common shares
issued and outstanding as of September 30, 2000 and 1999.

Fixed Assets
------------
The Company has no fixed assets at this time.

Federal Income Tax
------------------
The Company will be taxed under Subchapter C of the Internal Revenue Code for
its US operations. The Company has adopted the provisions of Financial
Accounting Standards Board Statement No. 109, Accounting for Income Taxes.
"Accounting for Income Taxes", which requires an asset and liability approach
to calculating deferred income taxes. The asset and liability approach requires
the recognition of deferred tax liabilities and assets for the expected future
tax consequences of temporary differences between the carrying amounts and the
tax basis of assets and liabilities.

Use of Estimates
----------------
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure on
contingent assets and liabilities at the date of the financial statements, and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

Cash and Cash Equivalents
-------------------------
For purposes of the statement of cash flows, the Company considers all highly
liquid debt instruments purchased with a maturity of three months or less to be
cash equivalents.

Accounting Method
-----------------
The Company's financial statements are prepared using the accrual method of
accounting. Revenues are recognized when earned and expenses when incurred.
Fixed assets are stated at cost. Depreciation and amortization using the
straight-line method for financial reporting purposes and accelerated methods
for income tax purposes.

                                    7
<PAGE>
                           NATALMA INDUSTRIES, INC.
                        Notes to Financial Statements

Note 1  -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continuation)

Earnings per Common Share
-------------------------
The Company adopted Financial Accounting Standards (SFAS) No. 128,
"Earnings Per Share," which simplifies the computation of earnings per share
requiring the restatement of all prior periods.

Basic earnings per share are computed on the basis of the weighted average
number of common shares outstanding during each year.

Diluted earnings per share are computed on the basis of the weighted average
number of common shares and dilutive securities outstanding.  Dilutive
securities having an anti-dilutive effect on diluted earnings per share are
excluded from the calculation.

Comprehensive Income
--------------------
Statement of Financial Accounting Standards (SFAS) No. 130, "Reporting
Comprehensive Income," establishes standards for reporting and display of
comprehensive income, its components and accumulated balances.  Comprehensive
income is defined to include all changes in equity except those resulting from
investments by owners and distributions to owners.  Among other disclosures,
SFAS No. 130 requires that all items that are required to be recognized under
current accounting standards as components of comprehensive income be reported
in a financial statement that is displayed with the same prominence as other
financial statements.   The Company does not have any assets requiring
disclosure of comprehensive income.

Segments of an Enterprise and Related Information
-------------------------------------------------
Statement of Financial Accounting Standards (SFAS) No. 131, Disclosures about
Segments of an Enterprise and Related Information, supersedes SFAS No. 14,
"Financial Reporting for Segments of a Business Enterprise." SFAS 131
establishes standards for the way that public companies report information about
operating segments in annual financial statements and requires reporting of
selected information about operating segments in interim financial statements
issued to the public.  It also establishes standards for disclosures regarding
products and services, geographic areas and major customers.  SFAS 131 defines
operating segments as components of a company about which separate financial
information is available that is evaluated regularly by the chief operating
decision maker in deciding how to allocate resources and in assessing
performance.  The Company has evaluated this SFAS and does not believe it
is applicable at this time.

                                  8
<PAGE>
                           NATALMA INDUSTRIES, INC.
                        Notes to Financial Statements

Note 1  -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continuation)

Employers' Disclosure about Pensions and Other Postretirement Benefits
----------------------------------------------------------------------
Statement of Financial Accounting Standards (SFAS) 132, "Employers' Disclosure
about Pensions and Other Postretirement Benefits," revises standards for
disclosures regarding pensions and other postretirement benefits. It also
requires additional information on changes in the benefit obligations and fair
value of plan assets that will facilitate financial analysis.  This statement
does not change the measurement or recognition of the pension and other post-
retirement plans.  The financial statements are unaffected by implementation of
this new standard.

Accounting for Derivative Instruments and Hedging Activities
------------------------------------------------------------
Statement of Financial Accounting Standards (SFAS) 133, "Accounting for
Derivative Instruments and Hedging Activities," establishes accounting and
reporting standards for derivative instruments, including certain derivative
instruments embedded in other contracts, (collectively referred to as
derivatives) and for hedging activities.  It requires that an entity recognize
all derivatives as either assets or liabilities in the statement of financial
position and measure those instruments at fair value.  If certain conditions
met, a derivative may be specifically designated as (a) a hedge of the exposure
to changes in the fair value of a recognized asset or liability or an
unrecognized firm commitment, (b) a hedge of the exposure to variable cash flows
of a forecasted transaction, or (c) a hedge of the foreign currency exposure of
a net investment in a foreign operation, an unrecognized firm commitment, an
available-for sale security, or a foreign-currency-denominated forecasted
transaction.  Because the Company has no derivatives, this accounting pronounce-
ment has no effect on the Company's financial statements.

Fair Value of Financial Instruments
-----------------------------------
The Financial Accounting Standards Board ("FASB") Statement No. 107.
"Disclosure About Fair Value of Financial Instruments" is a part of a continuing
process by the FASB to improve information on financial statements. The carrying
amounts reported in the balance sheets for the Company's assets and liabilities
approximate their fair values as of September 30, 2000 and 1999.

Note 2 - COMMON STOCK
---------------------
The Company issued 8,500,000 shares of common stock to various investors for
cash totaling $80,500.

The Company issued 500,000 shares of common stock at $.001 per share in
accordance with the Assignment of Option to Purchase Agreement of Mineral
Properties.
                                 9
<PAGE>
                           NATALMA INDUSTRIES, INC.
                        Notes to Financial Statements

Note 3 - SUPPLEMENTARY OF SCHEDULE OF NONCASH ACTIVITIES

During the year ended December 31, 1999, deferred offering cost of $12,885
previously included in organization costs, were charged to additional paid-in-
capital in accordance with Staff Accounting Bulletin 5A.

On May 11, 1999 an related third party acquired a total of 500,000 shares of
the Company's common stock as partial payment for mineral properties.

Note 4 - MINERAL PROPERTIES

On December 11, 1998, the Company entered into an Option to Purchase Agreement
with an unrelated third party, ("Seller) wherein the Company would acquire 100%
of the rights, title and interests in and to a total of 10 unpatented mining
claims in the Whitehorse Mining District, Yukon Territory, Canada.  The
Agreement called for the Company to pay $55,000 U.S. in cash and to issue
500,000 shares of its common stock.  On March 16, 1999, the Company
consummated the Agreement by paying the Seller $55,000 in cash.  On May 11,
1999, the Company issued 500,000 shares of its common stock. In addition, the
Company has agreed to pay a 2% net smelter return on all minerals produced by
the properties to the Seller, and to complete a minimum of $80,000, Canadian,
exploration and development work on the properties on or before September 1,
2001.

Note 5 - ORGANIZATION COSTS

The Company has incurred legal, accounting and other formation costs. During the
year ended December 31, 1999,  these costs were charged to operations in
accordance with the American Institute of Certified Public Accountants'
Statement of Position 98-5.  During the year ended December 31, 1998, the
Company also incurred $12,885 in expenses related to an offering of shares of
its common stock.  At December 31, 1999 these costs were included in
organization costs, as no proceeds had yet been received from the offering.
During the year ended December 31, 1999, these expenses, plus additional
offering costs incurred, were charged against the gross proceeds received from
the offering in accordance with the Securities and Exchange Commissions' Staff
Accounting Bulletin 5A.

Note 6 - RELATED PARTIES

During 1999, the Company paid the major shareholder a total of $14,483, which
had been advanced previously to the Company.

                                10
<PAGE>
                           NATALMA INDUSTRIES, INC.
                        Notes to Financial Statements

Note 7 - INCOME TAXES

Deferred tax benefits and liabilities are calculated using enacted tax rates in
effect for the year in which the differences are expected to reverse.  The
following is a schedule of the composition of the provision for income taxes:

<TABLE>
<CAPTION>
                                                          2000          1999
                                                          ----          ----
               <S>                                        <C>          <C>
              Current                                  $    -0-      $    -0-
              Deferred                                      -0-           -0-
                                                       --------      --------
                Total provisions for income taxes      $    -0-      $    -0-
                                                       ========      ========
</TABLE>

Deferred federal income taxes consist of future tax benefits and liabilities
attributed to:

<TABLE>
<CAPTION>
                                                          2000          1999
                                                          ----          ----
                <S>                                        <C>          <C>
              Net operating loss carryforward          $   690      $    799
              Valuation allowance                         (690)         (799)
                                                       --------      --------
                Total provisions for income taxes      $    -0-      $    -0-
                                                       ========      ========
</TABLE>

The net operating loss carryforward will expire if not applied by 2020.

Note 8 - SUBSEQUENT EVENTS

There were no other material subsequent events that have occurred since the
balance sheet date that warrants disclosure in these financial statements.

                                     11
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Results of Operations
---------------------
Registrant has not yet commenced full business operations and has not
yet realized any revenues for the period from inception to the quarter
ended September 30, 2000.

Registrant had a net loss of $2,500 for the period from inception to the
quarter ended September 30, 2000, resulting in a net loss per share of $0.002.

Expenses for the period from inception to the quarter ended September 30, 2000
were $2,500 and consisted primarily of operating expenses of $1,829 and $671
incurred for administrative and professional fees representing legal and
accounting fees incurred in the filing of Registrant's initial public offering
documents pursuant to Rule 504, Regulation D of the Securities Act of 1933,
as amended.

LIQUIDITY AND CAPITAL RESOURCES
-------------------------------
At the quarter ended September 30, 2000, Registrant's primary source of
liquidity included cash and cash equivalents of $6,591. Cash in the bank at the
quarter ended September 30, 2000 was the balance of proceeds raised in
Registrant's initial public offering conducted in the State of Nevada, pursuant
to Rule 504 of Regulation D.

Registrant believes that its existing cash balance and future operating cash
flows will be sufficient for near term operating needs. The extent to which
such sources will be sufficient to meet Registrant's anticipated cash
requirements is subject to a number of uncertainties, the most important of
which is Registrant's ability to generate sufficient cash flow to support its
proposed business operations.

UNCERTAINTIES RELATING TO FORWARD-LOOKING STATEMENTS
----------------------------------------------------
Certain parts of this Form 10-QSB may contain "forward-looking statements"
within the meaning of the Securities Exchange Act of 1934, as amended, based on
current management expectations. Actual results could differ materially from
those in the forward-looking statements due to a number of uncertainties,
including, but not limited to, those discussed in this section. Factors that
could cause future results to differ from these expectations include general
economic conditions particularly related to demand for Registrant's services;
changes in business strategy; competitive factors (including the introduction
or enhancement of competitive services); pricing pressures; changes in operating
expenses; inability to attract or retain consulting, sales and/or development
talent; changes in customer requirements; and/or evolving industry standards.

                                 12
<PAGE>


      			      PART II - OTHER INFORMATION



ITEM 6.	EXHIBITS AND REPORTS OF FORM 8-K

A)	All exhibits required to be filed herein are incorporated by reference to
Registrant's Form SB-2/A, previously filed with the Commission on March 17,2000.

B)	There were no reports on Form 8-K filed during the quarter.







                               SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf the
undersigned thereunto duly authorized.



                               NATALMA INDUSTRIES, INC.


Dated:	 June 30, 2001        By:/s/ Derick Sinclair, President, Secretary,
                               Treasurer and Director



Dated:	 June 30, 2001        By:/s/ Rex Pegg, Vice President




                                    13
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