its wholly owned subsidiary has signed a 2

31 by theUkrainian side," Kremlin spokeswoman Natalya Timakova said. "Since then, Gazprom's officials have been saying every daythat they are ready to resume talks any minute withoutpre-conditions, unlike the Ukrainian side," she added. "European customers and citizens of European states aresuffering from the illegal actions of the Ukrainian leadership." (Reporting by Denis Dyomkin, writing by Dmitry Zhdannikov,editing by Robin Paxton) Stocks Russia. China Gengsheng Minerals, Inc. Receives a $2.9 Million Short-Term Loan fromthe Industrial and Commercial Bank of China- New Loan to Help Boost Exports of Fracture Proppants -GONGYI, China, Jan. 7 /PRNewswire-Asia-FirstCall/ China GengshengMinerals, Inc.

(OTC Bulletin Board: CHGS) ("Gengsheng" or "the Company"), amaterials technology company in China with products capable of withstandinghigh temperature, saving energy and boosting productivity in certainindustries such as steel and oil, today announced that Henan GengshengRefractories Co., Ltd., its wholly owned subsidiary, has signed a $2.9 million(RMB 20 million) short-term loan agreement with the Industrial and CommercialBank of China'sZhengzhou City branch in Henan Province ("ICBC Zhengzhou")."This short-term loan, together with the RMB 10 million short-term loanfrom Shanghai Pudong Development Bank which we announced in late October,provides the financial resources to support the strong sales momentum in ourfracture proppant segment," said Mr. and Henan Gengsheng High Temperature Materials Co., Ltd.For more information about the Company, please visit http:// .Safe Harbor StatementThis press release may contain certain "forward-looking statements"relating to the business of China Gengsheng Minerals, Inc., and its subsidiarycompanies.All statements, other than statements of historical fact includedherein are "forward-looking statements" including statements regarding theCompany's ability to meet its projected output for the term of the supplycontract; the general ability of the Company to achieve its commercialobjectives; the business strategy, plans and objectives of the Company and itssubsidiaries; and any other statements of non-historical information.Theseforward-looking statements are often identified by the use of forward-lookingterminology such as "believes," "expects" or similar expressions, involveknown and unknown risks and uncertainties.Although the Company believes thatthe expectations reflected in these forward-looking statements are reasonable,they do involve assumptions, risks and uncertainties, and these expectationsmay prove to be incorrect.Investors should not place undue reliance on theseforward-looking statements, which speak only as of the date of this pressrelease.The Company's actual results could differ materially from thoseanticipated in these forward-looking statements as a result of a variety offactors, including those discussed in the Company's periodic reports that arefiled with the Securities and Exchange Commission and available on its websiteat http:// forward-looking statements attributable to theCompany or persons acting on its behalf are expressly qualified in theirentirety by these factors.Other than as required under the securities laws,the Company does not assume a duty to update these forward-looking statements.For more information, please contact:In China: Mr. Shuai Zhang Investor Relations China Gengsheng Minerals, Inc. Tel: 86-371-6405-9846 Email: In the U.S.: Valentine Ding Investor Relations Grayling Global Tel: 1-646-284-9412 Email: SOURCEChina Gengsheng Minerals, Inc.China Gengsheng Minerals, Inc., Mr. The Associated Press has reported that over 20,000 Oakland Raider fans have signed a petition asking owner Al Davis to step down as the team's general manager, and have even bought a billboard reading "Mr. Oakland has only won 27 games since the 2003 season began, and have shown little sign of improvement.Normally it seems the coach would get the blame for a team's poor performance, but coaches in Oakland have not fared well. Oakland has gone through five head coaches since 2003: Bill Callahan, Norv Turner, Art Shell, Lane Kiffin, and current head coach Tom Cable, who is potentially in the middle of legal troubles.With an owner who has constant oversight of the team, it seems impossible to get anything done.

Former NFL player Irv Eatman, who I met over Thanksgiving, worked with the Raiders as a co-offensive line coach for a few years. He told me what it was like to work in the organization."Whenever we were running a drill in practice and Al came by and didn't like it, he would say to stop doing the drill and would pick a new drill for them," he says."In the draft room, once he has his eyes on a player, there is nothing you can do to change his mind; if he sees a guy with 4.3 second 40-yard dash speed, he will take him, even if he has the worst hands in the world."This philosophy of drafting the fastest players has not panned out well for the Raiders. Most recently, Al Davis selected Maryland widereceiver Darrius Heyward-Bey with the seventh pick in last year's draft, and in the previous year Oakland drafted two-time Heisman second place finalist running back Darren McFadden.Al Davis has been a notably interesting drafter. In 2000 he drafted a kicker, Sebastian Janikowski, from Florida State in the first round. In 1973 he drafted a punter from southern Mississippi, Ray Guy, also in the first round.