China Minerals Technologies, Inc.: Exhibit 10.1 - Prepared by TNT Filings
Inc.





  



Exhibit 10.1

Explanatory Note: The following Loan Agreement has been
translated from the original version in Chinese into English.


SHANGHAI PUDONG DEVELOPMENT BANK LOAN AGREEMENT 


(For Short Term Loan) 

No. 76012007282005 

	Lender:	Wenhua Road Subbranch,
    Zhengzhou Branch, Shanghai Pudong Development Bank
	Date:	July 20, 2007
	Borrower:	Henan Gengsheng
    Refractories Co., Ltd
	Legal Address:	No. 188, Gengsheng
    Avenue, Gongyi City
	Phone Number:	137-64059868


The Borrower will be irrevocably bound to the agreement for a
short term loan by the Lender. 


Primary 


This is an independent Loan Agreement signed by the Borrower
and the Lender. 

The Loan under this Loan Agreements shall be solely for
short-term capital turnover use. Borrower shall not divert the funds under this
Loan Agreement to any other purpose. 


Loan Description 


	The Type:	Loan	Short Term Loan Type:	Fixed term
	The Currency:	RMB	The Amount:	10,000,000
	The Issue Date:	July 20, 2007	The Maturity Date:	July 19, 2008
	The Interest Rate:	6.57% (1)	Interest Rate Paid
    Terms:	Monthly
	Late Paid Penalty
    Rate:	8.54%	Divert Penalty Rate:	13.14%
	__________________	 	 	 



(1)The interest rate is annual.


The Borrower shall repay the principal and interest under
this Loan Agreement in full on the due date. 


Guaranty 


Guarantee: Zhengzhou Jinyuan Noodles Co., Ltd 

The type: Guaranty 




General 


1. The interest rate is based on 360 days in a year. It is
calculated and received based on the current monthly outstanding amount of the
Loan. 

2. The borrower may repay the Loan in advance upon approval
from Lender. 

3. The Borrower is registered as enterprise legal person
according to applicable Chinese laws, which holds full rights to the whole
assets, has civil capacity and takes external civil liabilities independently.


4. The subscription and implementation of this Agreement by
the Borrower should not violate the laws, regulations, rules, decisions and
rulings that the Borrow should comply to, and not conflict with the Borrower’s
constitutional documents, any signed Agreement and agreement or any other obligation. 

5. The Borrower undertakes that all the financial statements
provided comply with relevant Chinese laws and regulations and truly
and fairly reflects the financial situation of the Borrower. All documents and
information referred in this Agreement are true, effective, complete, accurate
and unreserved. 

6. The Borrower does not keep from the ongoing and future
lawsuit case, arbitration case, administrative procedure, property-preserves
measures, compulsive executive procedures or other significant adverse effect
events, which may affect the execution and the implementation of this
Agreement. 

7. The Borrower and the Lender makes agreements as follows
during the loan period: 

The Borrower undertakes to operate in accordance with law,
and use the loan according to provision of this Agreement, and will cooperate
with Lender on the supervision and inspection of the use of the funds borrowed
under this Loan Agreement and of the business condition of Borrower, and that it
will promptly provide all financial statements and related materials needed by
Lender. 

8. The Borrower undertakes not to amend significantly about
its constitutional documents and business scope, to lease, transfer or otherwise dispose of
all or part of its assets and to provide a guaranty to a third party, which will
have a material adverse effect on its financial position or its ability to
perform its obligations under this Loan Agreement without the written consent
with the Lender. 

9. The Borrower undertakes not to settle other loans in
priority which may violate the normal settlement sequence. In addition, the
Borrower will not sign any Agreement or agreement that makes loans under this
Agreement into the subordinate position currently or in the future. 




10. This Agreement is applicable with laws of People’s
Republic of China. Any dispute concerning this Loan Agreement is under the
jurisdiction of the local people's court where Lender is located. 

11. This Loan Agreement has four originals, which are
identical to each other, The Borrower holds one copy and the Lender holds three
copies. This Loan Agreement shall become effective upon signature and the
affixing of the official seals of both parties. It shall terminate when all the
loan principal and interest under this Agreement are paid in full. 

12. Each provision in this Agreement is the true meaning
expression without disagreement agreed by and between the Borrower and the
Lender. Both parties precisely acknowledge the legal requirements of the
obligations and duties in this agreement. 


	Borrower	Lender
	 	 
	(Corporate Seal)	(Corporate Seal)
	Henan Gengsheng
    Refractories Co., Ltd	Shanghai Pudong
    Development Bank
	Legal
    Representative or Authorized Representative	Legal Representative
    or Authorized Representative
	(Signature or Personal
    Seal):	(Signature or Personal
    Seal):
	/s/Shunqing ZHANG                    
    	/s/ Ruelin Zhang