**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

| **x**** ** | **Quarterly                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934** |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|
|   | **For the quarterly period ended June 30,              2006** |
|--------|---------------------------------------------------------------|

| ** ̈** | **Transition                Report pursuant to 13 or 15(d) of the Securities Exchange Act of                1934** |
|------------|--------------------------------------------------------------------------------------------------------------------|
|   | **For the transition period to** |
|--------|----------------------------------|

**Commission      File Number **
**000-50833**

**CHINA      MINERAL ACQUISITION CORPORATION**

| **Delaware**                                                                                | **20-0938259**                                         |
|---------------------------------------------------------------------------------------------|--------------------------------------------------------|
| (State                or Other Jurisdiction ofIncorporation                or Organization) | (I.R.S.                Employer Identification Number) |

**210      East 85**
**th**

**      Street, Suite 16, New York, New York 10028**

**(646)      240-8377**

----

**TABLE      OF CONTENTS**

| PART              I - FINANCIAL              INFORMATION                                                 |   |   | 1      |   |
|----------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                     |   |   |   |   |
| Item                1. Financial                Statements.                                              |   |   | 1      |   |
|                                                                                                     |   |   |   |   |
| Item                2. Management’s                Discussion and Analysis or Plan of Operation.   |   |   | 8      |   |
|                                                                                                     |   |   |   |   |
| Item                3. Controls                and Procedures.                                           |   |   | 9      |   |
|                                                                                                     |   |   |   |   |
| PART              II - OTHER              INFORMATION                                                    |   |   | 10     |   |
|                                                                                                     |   |   |   |   |
| Item                1. Legal                Proceedings.                                                 |   |   | 10     |   |
|                                                                                                     |   |   |   |   |
|  Item                2. Unregistered                Sales of Equity Securities and Use of Proceeds. |   |   | 10     |   |
|                                                                                                     |   |   |   |   |
| Item                3. Defaults                Upon Senior Securities.                                   |   |   | 10     |   |
|                                                                                                     |   |   |   |   |
| Item                4. Submission                of Matters To a Vote of Security Holders.               |   |   | 10     |   |
|                                                                                                     |   |   |   |   |
| Item                5. Other                Information.                                                 |   |   | 10     |   |
|                                                                                                     |   |   |   |   |
| Item                6. Exhibits                                                                          |   |   | 10     |   |

----

**PART      I - **
**FINANCIAL      INFORMATION**
** **

**Item      1.**
**Financial      Statements.**

**China      Mineral Acquisition Corporation**

**(a      corporation in the development stage)**

**Condensed      Balance Sheet**

|                                                                                                                                                                                                                                  |   |   | June                30, 2006 (Unaudited)                                         |   |   | December                31, 2005           |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------|--------|--------|--------------------------------------------|--------|
| ASSETS                                                                                                                                                                                                                                |   |   |                                                                             |   |   |                                       |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Current                Assets:                                                                                                                                                                                                        |   |   |                                                                             |   |   |                                       |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Cash                                                                                                                                                                                                                                  |   | $      | 76,803                                                                           |   | $      | 242,154                                    |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Investments                held in trust                                                                                                                                                                                              |   |   | 21,533,712                                                                       |   |   | 21,072,186                                 |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Total                current assets                                                                                                                                                                                                   |   |   | 21,610,515                                                                       |   |   | 21,314,340                                 |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Deferred                tax assets                                                                                                                                                                                                    |   |   | 296,614                                                                          |   |   | 169,414                                    |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Total                Assets                                                                                                                                                                                                           |   | $      | 21,907,129                                                                       |   | $      | 21,483,754                                 |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| LIABILITIES                AND STOCKHOLDERS’ EQUITY                                                                                                                                                                             |   |   |                                                                             |   |   |                                       |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Current                Liabilities:                                                                                                                                                                                                   |   |   |                                                                             |   |   |                                       |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Accrued                expenses                                                                                                                                                                                                       |   | $      | 179,839                                                                          |   | $      | 81,403                                     |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Income                and capital taxes payable                                                                                                                                                                                       |   |   | 404,207                                                                          |   |   | 221,797                                    |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Deferred                interest                                                                                                                                                                                                      |   |   | 226,629                                                                          |   |   | 134,370                                    |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Total                current liabilities                                                                                                                                                                                              |   |   | 810,675                                                                          |   |   | 437,570                                    |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Common                stock subject to possible conversion to cash,799,600                shares at conversion value                                                                                                                  |   |   | 4,077,960                                                                        |   |   | 4,077,960                                  |   |
| Commitments                                                                                                                                                                                                                           |   |   |                           |   |   |         |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Stockholders’                Equity                                                                                                                                                                                             |   |   |                                                                             |   |   |                                       |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Preferred                stock, $.0001 par value,Authorized                1,000,000 shares, none issued                                                                                                                              |   |   | -                                                                                |   |   | -                                          |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Common                stock, $.001 par value, Authorized,                20,000,000 sharesIssued                and outstanding, 5,000,000 shares (which includes 799,600 shares                subject                to conversion) |   |   | 500                                                                              |   |   | 500                                        |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Additional                paid in capital                                                                                                                                                                                             |   |   | 17,220,535                                                                       |   |   | 17,220,535                                 |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Deficit                accumulated during the development stage                                                                                                                                                                       |   |   | (202,541                                                                         | )      |   | (252,811                                   | )      |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Total                stockholders’ equity                                                                                                                                                                                       |   |   | 17,018,494                                                                       |   |   | 16,968,224                                 |   |
|                                                                                                                                                                                                                                  |   |   |                                                                             |   |   |                                       |   |
| Total                liabilities and stockholders’ equity                                                                                                                                                                       |   | $      | 21,907,129                                                                       |   | $      | 21,483,754                                 |   |

----

**China      Mineral Acquisition Corporation**

**(a      corporation in the development stage)**

**Condensed      Statements of Operations**

**(Unaudited)**

|                                                                 |   |   |                                                                                          |   |   | Six                Months Ended |                         | Three                Months Ended |
|----------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------|--------|--------|---------------------------------|------------------------------|-----------------------------------|
|                                                                 |   |   | For                the period from March 30, 2004 (inception) to June 30,                2006 |   |   |                            | June                30, 2006 |                              |   |   | June                30, 2005 |   |   |   | June                30, 2006 |   |   |   | June                30, 2005 |   |
| Capital                based taxes                                   |   | $      | 82,730                                                                                        |   |   | $                               | 11,250                       |                              |   | $ | 46,180 |   |   | $ | 5,625 |   |   | $ | 23,090 |   |
| Other                formation and operating costs                   |   |   | 48,753                                                                                        |   |   |                            | 4,933                        |                              |   |   | 13,716 |   |   |   | 3,493 |   |   |   | 12,218 |   |
| Consulting                and other professional fees                |   |   | 449,777                                                                                       |   |   |                            | 71,574                       |                              |   |   | 240,528 |   |   |   | 23,610 |   |   |   | 156,439 |   |
| Legal                and accounting fees                             |   |   | 217,931                                                                                       |   |   |                            | 116,522                      |                              |   |   | 40,863 |   |   |   | 82,504 |   |   |   | 5,000 |   |
| Other                expenses                                        |   |   | 7,650                                                                                         |   |   |                            | 7,650                        |                              |   |   |   |   |   |   | 7,650 |   |   |   |   |   |
| Travel                                                               |   |   | 126,623                                                                                       |   |   |                            | 30,068                       |                              |   |   | 44,237 |   |   |   | 11,678 |   |   |   | 25,030 |   |
| Operating                loss                                        |   |   | (950,929                                                                                      | )      |   |                            | (241,997                     | )                                 |   |   | (385,524 | ) |   |   | (134,560 | ) |   |   | (221,777 | ) |
| Interest                expense                                      |   |   | (619                                                                                          | )      |   |                            | -                            |                              |   |   | - |   |   |   | - |   |   |   | - |   |
| Interest                income                                       |   |   | 907,083                                                                                       |   |   |                            | 369,267                      |                              |   |   | 167,732 |   |   |   | 197,868 |   |   |   | 109,865 |   |
| Net                income (loss) before taxes                        |   |   | (43,832                                                                                       | )      |   |                            | 127,270                      |                              |   |   | (217,792 | ) |   |   | 63,308 |   |   |   | (111,912 | ) |
| Provision                for income taxes                            |   |   | 175,541                                                                                       |   |   |                            | 77,000                       |                              |   |   |   |   |   |   | 11,079 |   |   |   |   |   |
| Net                income (loss)                                     |   | $      | (202,541                                                                                      | )      |   | $                               | 50,270                       |                              |   | $ | (217,792 | ) |   | $ | 52,229 |   |   | $ | 111,912 |   |
| Weighted                average number of shares - basic and diluted |   |   | 4,350,000                                                                                     |   |   |                            | 5,000,000                    |                              |   |   | 5,000,000 |   |   |   | 5,000,000 |   |   |   | 5,000,000 |   |
| Net                earnings (loss) per share - basic and diluted     |   | $      | (0.05                                                                                         | )      |   | $                               | 0.01                         |                              |   | $ | (0.04 | ) |   | $ | 0.01 |   |   | $ | (0.02 | ) |

----

**China      Mineral Acquisition Corporation**

**(A      Corporation in the Development Stage)**

**Condensed      Statements of Stockholders’ Equity (unaudited)**

**For      the period from March 30, 2004 (inception) to June 30,      2006**

|                                                                                                                                                                       |   |   | **Common                Stock** |   |   | **Additional****paid-in                capital** |   |   | **Deficit                accumulated during the development stage** |   |   | **Stockholders’                Equity** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------|--------|--------|--------------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|--------|-----------------------------------------------|--------|
|                                                                                                                                                                       |   |   | **Shares**                      |   |   | **Amount**                                       |   |   |                                                                |   |   |                                          |   |   |   |   |
| Balance                March 30, 2004 (inception)                                                                                                                          |   |   | -                               |   | $      | -                                                |   | $      | -                                                                   |   | $      | -                                             |   | $ | - |   |
| Common                shares issued April 22, 2004 at $.0333 per share                                                                                                     |   |   | 750,000                         |   |   | 75                                               |   |   | 24,900                                                              |   |   | -                                             |   |   | 24,975 |   |
| Common                shares issued April 22, 2004 at $.0001 per share                                                                                                     |   |   | 250,000                         |   |   | 25                                               |   |   | -                                                                   |   |   | -                                             |   |   | 25 |   |
| Sale                of 4,000,000 shares, net of underwriters’ discount and offering expenses                (includes 799,600 shares subject to possible conversion) |   |   | 4,000,000                       |   |   | 400                                              |   |   | 21,273,495                                                          |   |   | -                                             |   |   | 21,273,895 |   |
| Proceeds                subject to possible conversion                                                                                                                     |   |   | -                               |   |   | -                                                |   |   | (4,077,960                                                          | )      |   | -                                             |   |   | (4,077,960 | ) |
| Proceeds                from issuance of option                                                                                                                            |   |   | -                               |   |   | -                                                |   |   | 100                                                                 |   |   | -                                             |   |   | 100 |   |
| Net                loss                                                                                                                                                    |   |   | -                               |   |   | -                                                |   |   | -                                                                   |   |   | (24,765                                       | )      |   | (24,765 | ) |
| Balance                at December 31, 2004                                                                                                                                |   |   | 5,000,000                       |   |   | 500                                              |   |   | 17,220,535                                                          |   |   | (24,765                                       | )      |   | 17,196,270 |   |
| Net                Loss                                                                                                                                                    |   |   | -                               |   |   | -                                                |   |   | -                                                                   |   |   | (228,046                                      | )      |   | (228,046 | ) |
| Balance                at December 31, 2005                                                                                                                                |   |   | 5,000,000                       |   | $      | 500                                              |   | $      | 17,220,535                                                          |   | $      | (252,811                                      | )      | $ | 16,968,224 |   |
| Net                income                                                                                                                                                  |   |   | -                               |   |   | -                                                |   |   | -                                                                   |   |   | 50,270                                        |   |   | 50,270 |   |
| Balance                at June 30, 2006                                                                                                                                    |   |   | 5,000,000                       |   | $      | 500                                              |   | $      | 17,220,535                                                          |   | $      | (202,541                                      | )      | $ | 17,018,494 |   |

----

**China      Mineral Acquisition Corporation**

**(A      Corporation in the Development Stage)**

**Condensed      Statement of Cash Flows (unaudited)**

**March      30, 2004 (inception) to June 30, 2006**

|                                                                                                      |   |   |                                                                                          |   | Six                Months Ended |
|-----------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------|--------|---------------------------------|
|                                                                                                      |   |   | For                the period from March 30, 2004 (inception) to June 30,                2006 |   |                            | June                30,2006 |   |   | June                30, 2005 |   |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Cash                flows from operating activities**                                                   |   |   |                                                                                          |   |                            |   |   |   |   |   |
| Net                income (loss)                                                                          |   | $      | (202,541                                                                                      | )      | $                               | 50,270 |   | $ | (217,792 | ) |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |   |                                                                                          |   |                            |   |   |   |   |   |
| Deferred                taxes                                                                             |   |   | (296,614                                                                                      | )      |                            | (127,200 | ) |   |   |   |
| Increase                (decrease) in prepaid expenses                                                    |   |   | -                                                                                             |   |                            | - |   |   | 5,500 |   |
| Increase                in accrued expenses                                                               |   |   | 179,839                                                                                       |   |                            | 98,436 |   |   | 101,639 |   |
| Increase                in tax payable                                                                    |   |   | 404,207                                                                                       |   |                            | 182,410 |   |   | - |   |
| Increase                in deferred interest                                                              |   |   | 226,629                                                                                       |   |                            | 92,259 |   |   | 41,907 |   |
| Interest                earned on investment held in trust                                                |   |   | (1,134,095                                                                                    | )      |                            | (461,786 | ) |   | (213,530 | ) |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Net                cash used in operating activities**                                                  |   |   | (822,575                                                                                      | )      |                            | (165,611 | ) |   | (282,276 | ) |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Cash                flows from investing activities**                                                   |   |   |                                                                                          |   |                            |   |   |   |   |   |
| Purchases                of treasury bills held in trust                                                  |   |   | (167,719,335                                                                                  | )      |                            | (64,109,662 | ) |   | (41,293,409 | ) |
| Proceeds                on disposal of treasury bill held in trust                                        |   |   | 147,320,000                                                                                   |   |                            | 64,110,000 |   |   | 41,293,000 |   |
| Money                market funds held in trust                                                           |   |   | (282                                                                                          | )      |                            | (78 | ) |   | 4,300 |   |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Net                cash provided by (used in) investing activities**                                    |   |   | (20,399,617                                                                                   | )      |                            | 260 |   |   | 3,891 |   |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Cash                flows from financing activities**                                                   |   |   |                                                                                          |   |                            |   |   |   |   |   |
| Proceeds                from note payable, stockholder                                                    |   |   | 35,000                                                                                        |   |                            | - |   |   | - |   |
| Proceeds                from sales of common stock                                                        |   |   | 25,000                                                                                        |   |                            | - |   |   | - |   |
| Repayment                of note payable, stockholder                                                     |   |   | (35,000                                                                                       | )      |                            | - |   |   | - |   |
| Gross                proceeds of public offering                                                          |   |   | 24,000,000                                                                                    |   |                            | - |   |   | - |   |
| Payment                of costs of public offering                                                        |   |   | (2,726,105                                                                                    | )      |                            | - |   |   | - |   |
| Proceeds                from issuance of option                                                           |   |   | 100                                                                                           |   |                            | - |   |   | - |   |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Net                cash provided by financing activities**                                              |   |   | 21,298,995                                                                                    |   |                            | - |   |   | - |   |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Net                increase (decrease) in cash**                                                        |   |   | 76,803                                                                                        |   |                            | (165,351 | ) |   | (278,385 | ) |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Cash                at beginning of period**                                                            |   |   | -                                                                                             |   |                            | 242,154 |   |   | 872,883 |   |
|                                                                                                      |   |   |                                                                                          |   |                            |   |   |   |   |   |
| **Cash                at end of period**                                                                  |   | $      | 76,803                                                                                        |   | $                               | 76,803 |   | $ | 594,498 |   |

----

**China      Mineral Acquisition Corporation**

**(A      Corporation in Development Stage)**

**Notes      to the Unaudited Financial Statements**

**Three      Months and Six Months Ended June 30, 2006 and 2005**

**1.**
**Basis      of Presentation**

**2.**
**Organization      And Business Operations**

----

----

**3.**
**Initial      Public Offering**

**4.**
**Consulting      Contracts**

**5.**
**Preferred      Stock**

----

**6.**
**Common      Stock**

**Item      2.**
**Management’s      Discussion and Analysis or Plan of Operation.**
** **

**Forward-Looking      Statements**

**Critical      Accounting Policies**

**Business      Overview**

**Plan      of Operation**

----

**Off-Balance      Sheet Arrangements**

----

**Item      3.**
**Controls      and Procedures.**
** **

**PART      II - **
**OTHER      INFORMATION**
** **

**Item      1.**
**Legal      Proceedings.**

**Item      2.**
**Unregistered      Sales of Equity Securities and Use of Proceeds.**
** **

**Item      3.**
**Defaults      Upon Senior Securities.**
** **

**Item      4.**
**Submission      of Matters To a Vote of Security Holders.**
** **

**Item      5.**
**Other      Information.**
** **

**Item      6.**
**Exhibits**

|   | 31.1 | Certification                of the Principal Executive Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 31.2 | Certification                of the Principal Financial Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                of the Principal Executive Officer pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification                of the Principal Financial Officer pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------|

----

| Date:                August 14, 2006 | By:  /s/                Simon                Mu                                        Name:                Simon MuTitle:                President and Chief Executive Officer(Principal                Executive Officer) |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Date:                August 14, 2006 | By:  /s/                Bing                Zhao                         Name:                Bing ZhaoTitle:                Chief Financial Officer(Principal                Financial Officer)                       |

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