Abterra Ltd. provided consolidated earnings guidance for the third quarter of 2012. The company expects to report a wider loss for the third quarter of 2012 due to substantial increase in currency translation loss from the deposit paid for the acquisition of 54.42% of equity interest in Zuoquan Xinrui Metallurgy Mine Co. Ltd. which is denominated in RMB, due to weakening in RMB.

Decrease in revenue due to the inadequacy of suitable credit facilities held by the Group.