Malaga Inc (MLG)

[drluck]

http://investorshub.advfn.com/boards/board.aspx?board_id=19175

[hinchback]

check KSM.V

no resistance, undervalued...news coming

http://www.cmebc.com/3rdBrochure_Final_21Oct2010.pdf

[whirly]

This one is doing well enough for me. I sold enought his morning to cover my initial investment so I can be worry free about this stock for awhile. Hope it does big things

[hinchback]

me too...but take a look at this my friend...

Strait Gold Corporation...news coming and flota gone...undervalued..OS is small..i am from Peru and can tell you they will find tons of copper-gold

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2010) - Strait Gold Corporation (TSX VENTURE:SRD - News) is pleased to report that a program of diamond drilling has commenced at its Alicia copper-gold project in southern Peru.

The Company plans to complete 1,000-1,200 metres of drilling as the second phase of an exploration program that began in June, 2010. Results from Phase 1 indicate geophysical anomalies associated with surface skarn zones that returned values up to 13% copper and up to 3.55 grams per tonne (g/t) gold. Drilling will test several of these skarn zones and associated geophysical anomalies.

Phase 1 exploration at Alicia consisted of a program of community engagement, detailed mapping of the outcropping skarn zones, a grid sampling program and geophysical surveys. Approval to conduct drilling in Phase 2 of the exploration program required reaching a surface-rights agreement, preparing baseline archaelogical and environmental studies, and obtaining water-use approval, all of which have been achieved.

Sampling of the more than nine skarn zones largely indicated elevated copper, gold and silver values with a range of 0.03-13.05% Cu, 0.005 to 3.55 g/t gold and 0.3-100.0 g/t silver.

The Alicia Project is located within the emerging Andahuaylas-Yauri belt of mineralization that stretches across much of southern Peru. This belt hosts numerous porphyry and skarn deposits, including Xstrata's Las Bambas deposit with indicated and inferred resources of 1.1 billion tonnes grading 0.77% copper and Antares Minerals' Haquira deposit with a measured and indicated resource of approximately 561 million tonnes grading 0.49% copper and 0.33 g/t gold, both located within approximately 40 km of Alicia.

Quality Control and Quality Assurance

Samples consist of rock chips collected from outcrop either in a channel typically two to three metres in length or in a panel covering four to six square metres. Samples were transported to ALS Chemex preparation facilities in Arequipa by Strait Gold personnel. Following sample preparation, samples were couriered to ALS Chemex facilities in Lima, Peru, for analysis. ALS Chemex is an ISO 9001:2000 registered laboratory. Samples were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Silver, copper, lead and zinc, together with 30 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Over-limit silver (greater than 100 ppm), and copper (greater than 10,000 ppm) samples were re-assayed by AAS. Strait Gold routinely carries out a program of quality assurance/quality control (QA/QC) that includes insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination.

All of the company's exploration programs are prepared by, or prepared under the supervision of, Dr. Roger Moss, P.Geo., who serves as the Qualified Person as defined by NI 43-101, and is a Director of the Company. Dr. Moss has reviewed the technical content of this news release.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active solely in Peru and listed on the TSX Venture Exchange. It has an option to earn a 100% interest in the Alicia copper-gold property in Cusco Department approximately 500 km southeast of Lima, the capital of Peru, and holds a 100% interest in both the Letra Rumi South copper-silver property and the Culebrilla gold-silver property, both in Ancash Department approximately 250 km north of Lima. To learn more about Strait Gold, please visit our website at www.straitgold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[whirly]

Yes I am. I will continue to hold until we see dollars however long that may take.

[hinchback]

are u holding MLG?

[hinchback]

i am long in MLG.TO and BCG.V

good luck

[whirly]

Nice. Its about time some of my stocks went up instead of down. Long live the TSX. Tag Oil has been good to me recently too.

[hinchback]

Resource Capital has warrants at 0.25

then look at 0.40 ;)

DNG Dynacor run from 0.15 to 0.80s last weeks...Malaga has 15% there

[whirly]

I like this nice climb we're getting. I wonder how high this thing can get.

[hinchback]

Malaga Inc MLG.TO huge news!!! PROFITABLE!!!!

Malaga Inc. ("MLG")(TSX:MLG - News) is pleased to report that it has received the last milling equipment it needs to process tungsten ore at a rate of 500 tpd at its Pasto Beuno mine in Peru. This production rate is now possible thanks to retooling and upgrading of the mill.
Since Malaga acquired the mine and mill in 2005, it has produced tungsten using equipment that had been there for many years. The processing capability was initially increased from 250 to 375 tpd through the complete renewal of the crushing circuit. In 2010, the addition of a rod mill, several new shaking tables and state-of-the-art control equipment further improved mill capacity and efficiency, which was recently tested at 480 tpd. A final, essential piece of equipment has now just been received after a delay of several months on the part of the supplier. This consists of high-performance magnets made from rare earths, with a magnetic field three times higher than traditional electromagnets. This latest piece of equipment, which will improve recovery rates and stabilize finishing line operations, will be installed within the coming days. Malaga will then be in a position to process 500 tpd of ore.

"We have reached an important milestone in our development with the increase in our ore milling capacity to 500 tpd, at a time when the APT price (the reference price for the sale of tungsten concentrate) has risen steadily since the beginning of 2010. The price has risen more than 56% from its low of 2009, to currently stand at $250 per MTU (metric tonne unit, or 10 kg) compared to $160/MTU. We plan to continue growing in 2011 toward a production rate of 750 tpd. We also expect to substantially step up exploration on certain high-potential areas of the property such as Consuzo and Huayllapon," said Jean Martineau, President and Chief Executive Officer of Malaga.

[hinchback]

check pps

[the cork]

Beats the heck out of me!

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nice run...what`s going on?

[the cork]

Yawn......

[the cork]

Be nice to see some volume.

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more news..MONTREAL, QUEBEC, Jun. 22, 2010 (Marketwire) -- Malaga Inc. (TSX:MLG) and Hidropesac - a joint venture between Malaga and its Swiss partner EPD (Emerging Power Developers - a subsidiary of Stucky S.A. specialized in hydroelectric projects throughout the world) are pleased to announce preliminary results from the feasibility study for the development of hydroelectric potential at the tungsten mine Pasto Bueno.

With a temporary hydroelectric concession permit in hand allowing them to study the feasibility of building a hydroelectric plant using the hydrological resources of the Pelagatos and Plata rivers, Hidropesac studied and analyzed several options ranging from the installation of 19 MW to 28 MW hydro power plants.

The current studies show that all the options combining the hydrological resources from the two rivers are both technically feasible and financially profitable. According to a preliminary report, the installation of a 28 MW hydro power plant is the best option with a power generation potential of between 113 to 141 GWh per year and the highest internal rate of return. This major project would give Malaga complete autonomy in terms of power generation, would sustain its planned production growth, decrease its production costs permanently and eventually generate important value.

The complete feasibility study detailing the economic parameters and financial requirements should be finalized in the Fall of 2010.

Hidropesac will then carry out the environmental and archeological studies required by the Peruvian authorities, in order to obtain the permanent hydroelectrical concession. Agreements with regional governmental bodies and local communities will be concluded with the objective to start construction in 2011.

ABOUT MALAGA INC. AND HIDROPESAC

Malaga Inc. owns the only operating tungsten mine in the Americas. Current tungsten concentrate production is approximately 7,500 MTUs per month and is expected to increase to above 9,500 MTUs, in the near future. Malaga also seeks diverse growth opportunities such as developing the hydroelectric potential of its Pasto Bueno property, through Hidropesac a joint venture with EPD (Emerging Power Developers - a subsidiary of Stucky S.A a worldwide Swiss company specialized in hydroelectric projects). Malaga holds 49% of Hidropesac.

Hidropesac has invested more than US$ 3 million at Pasto Bueno and has successfully built and commissioned (in 2009) a 600 kW hydroelectric plant. This plant includes two hydroelectric generators - one 150 kW vertical unit and one 450 kW horizontal unit both coupled to Pelton turbines as well as state of the art operational electronic controls. A 22.9 kV/400 V transformer and a 15 km power transport line have also been built and installed at Pasto Bueno that connects to the Peruvian National Grid.

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Malaga Inc news..MONTREAL, QUEBEC--(Marketwire - June 23, 2010) - (TSX:MLG) - Following the approval by the shareholders at the Annual Meeting of June 17, Malaga Inc. ("Malaga") announces the closing of the second tranche of a non-brokered private placement for total gross proceeds of $5.4 million. The second tranche amounts to gross proceeds of $2.6 million or 17.5 million common shares at a price of $0.15 as well as a warrant to purchase one common share ("warrant"). Each warrant could be redeemed into one common share of Malaga at $0.25 at any time until May 6, 2012. All of the securities issued in connection with the financing will be subject to a four month hold period from the date of issue of June 22, 2010.

The net proceeds of the financing will be used for the upgrade of the mill at Pasto Bueno, the installation of additional equipment to improve recoveries, exploration and resource definitional drilling activities and for general corporate purposes.

New Appointments to the Board of Directors

Two new experienced professionals were elected at the Annual Meeting of June 17 and are joining a group of seasoned directors, namely Me Rene Branchaud, Daniel Danis, P.Geo, Gilles Masson, C.A., R.Martin Wong, C.A. and Jean Martineau, President and CEO of Malaga.

Mr. Rejean Gourde is an experienced mining engineer with over 30 years of experience in the mining industry, namely 13 years in Guyana, French Guyana and Suriname, where he was leading all the open pit gold mining operations for Cambior. Mr. Gourde was previously general manager for Cambior's operations in the Val d'Or, Quebec area. More recently, he has been consulting for Semafo (optimization of gold mining operations in Niger and Guinea, and start-up of a gold mine in Burkina Faso) and for Orezone-Iamgold (Feasibility Study and construction of Essakane gold mine in Burkina Faso). He is a graduate of Ecole Polytechnique of Montreal in mining engineering.

Mr. Fernand Lefrancois was an accredited financial counsellor from 1985 until 2003 for several significant brokerage firms such as National Bank Financial (formerly Levesque, Beaubien) and McNeil Mantha (now part of RBC). He has a vast experience of capital markets and investor relations.

We thank Mr. Luc Filiatrault and Mr. Renald Marchand who are leaving the Board of Directors of Malaga.

ABOUT MALAGA INC.

Malaga Inc. owns the only operating tungsten mine in the Americas. Current tungsten concentrate production is approximately 7,500 MTUs per month and is expected to increase to above 9,500 MTUs, in the near future. Malaga also seeks diverse growth opportunities such as developing the hydroelectric potential of its Pasto Bueno property, through Hidropesac a joint venture with EPD (Emerging Power Developers - a subsidiary of Stucky S.A a worldwide Swiss company specialized in hydroelectric projects) in which Malaga holds 49% and through its 13.5% participation in Dynacor Mines.

[hinchback]

Malaga Inc —a Tungsten producer in Peru—is now cash flow positive earlier than its recently announced schedule and raised $5m to accelerate its growth plans. The shares trade for
.13 (an $18m market value) but our appraised value is
.50 ($80m). Our 3-year target is
.90, a potential return of 7 times our current investment, or 90% per year. Malaga is the only Tungsten producer in the Western Hemisphere, no new mines are anticipated starting up anywhere until at least 2014 and demand for the commodity is increasing. Proceeds of the issue should allow drilling to be expedited so the company can continue to add reserves from its known 77 Tungsten veins. The company is essentially trading at 1x expected EBITDA as production is set to double in the next 12 months

http://www.trapezeasset.com/trapezeasset/newsletter/TAMI_June2010.pdf

[hinchback]

insiders continue buying (May 18 buys)

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=mlg

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.015 x .016

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more insiders buys....

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=mlg

[whirly]

That would be good.

[hinchback]

MLG`s chart...up we go imo

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50221578

[hinchback]

insiders buying

http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=28245268&l=0&r=0&s=MLG&t=LIST

[hinchback]

http://www.scribd.com/doc/30129528/Malaga-Tungsten-Corporate-Presentation-April-2010

[hinchback]

matter of time imo...next Q2 with new license could be really great

[whirly]

Yay. Lets hope to see some upward action on monday. Tired of being in the red zone

[hinchback]

great news!!! MALAGA ACHIEVES POSITIVE CASH FLOWS FROM OPERATIONS IN Q1 2010

Malaga Inc. is releasing its unaudited interim financial statements for the period ended March 31, 2010. The management discussion and analysis, and the unaudited financial statements, are available on the company's website and on SEDAR.

Malaga generated positive cash flow from operations, before changes in non-cash working capital items, of $300,000 during the first quarter of 2010. This is due to increased sales, which reached $3.8-million, compared with $3.4-million in the first quarter of 2009, of which $900,000 was generated from the sale of copper concentrate from tailings. The company sold 18,108 metric tonne units, compared with 17,062 metric tonne units for the corresponding quarter of 2009, which represents a historically high volume for Malaga. This was achieved in line with increased production capacity to the current level of 375 tonnes per day.

The selling price of the company's tungsten is based on the selling price of APT (ammonium paratungstate). Although the APT price had increased to $210 (U.S.) per metric tonne unit by March 31, 2010, compared with $185 (U.S.) per metric tonne unit as of Dec. 31, 2009, the average selling price for the quarter was $201 (U.S.), compared with $248 (U.S.) for the corresponding quarter of 2009.

Malaga decreased its monetary cost per metric tonne unit to $130 per metric tonne unit during the quarter, and also reduced its selling, general and administrative expenses by more than $100,000. The net loss amounted to $700,000, compared with $600,000 in the first quarter of 2009, or a net loss per share of nil (nil in 2009).

"We are pleased to achieve a positive cash flow position of $300,000, a quarter ahead of our forecast. The decrease in monetary costs per MTU, combined with increasing APT prices, are very encouraging signals. Cash flows should also increase in line with increased production capacity to 500 tpd," commented Pierre Monet, vice-president and chief financial officer of Malaga.

Jean Martineau, Malaga's president and chief executive officer, commented: "Our objective is to optimize our production processes in order to increase efficiency and the quantity of tungsten produced. We are still aiming at the second quarter to reach a production of 500 tpd. The financing closed on May 6 will allow us to increase our development work by the end of the year, allowing us to replace the utilized reserves and increase our measured and indicated resource."

Corporate events

Malaga Inc. will be attending the New York Hard Asset Investment Conference. Please join the company at the New York Marriott Marquis Hotel/Time Square in the Westside Ballroom on the fifth floor at booth No. 606.

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Malaga Announces a $6 million Private Placement

MONTREAL, QUEBEC--(Marketwire - May 6, 2010) - Malaga Inc. (TSX:MLG - News) announces that, on May 5th 2010, it has agreed to a two tranche non-brokered private placement to raise gross proceeds of up to $6,000,000. The first tranche which was closed yesterday consists of 18,321,667 equity units ("Units") at a price of $0.15 per Unit resulting in gross proceeds of $2.75 million to Malaga. The second tranche consists of 21,666,667 Subscription Receipts at a price of $0.15 each resulting in gross proceeds of up to $3.25 million.

Each Unit consists of one common share of Malaga ("Common Share") and one common share purchase warrant ("Warrant"). The Warrant will entitle the holder to subscribe for one Common Share at $0.25 at any time for two years from issue. All of the securities issued in connection with the financing will be subject to a four month hold period from the date of issue.

Each Subscription Receipt ("SR") entitles the holder to redeem the SR for one Unit. Funds raised as part of the second tranche will remain in escrow pending approval of the SRs at the Annual General Meeting. The holder of the SR will be able to redeem the SR following shareholder approval and expiring on June 30, 2010.

Investors in the private placement include Resource Capital Fund V LLP ("RCF V"), a fund managed by RCF Management L.L.C. ("RCF") which has its principal office in Denver, Colorado. RCF is a private equity firm which invests exclusively in the mining sector that has expertise in managing corporate strategies, capital requirements, technical challenges, operations, development projects, and the environmental and social aspects of mining projects. RCF has approximately US$1.8 billion under management.

RCF V has subscribed 16,666,666 Units and 16,666,667 SR, representing a total investment of $5,000,000.

"We are very pleased to have RCF as a new cornerstone investor. It has an excellent reputation and its expertise in the mining sector will allow us to achieve our expansion objectives" commented Pierre Monet, Vice president and Chief financial officer of Malaga Inc.

The net proceeds of the financing will be used for the upgrade of the mill at Pasto Bueno, the installation of additional equipment to improve recoveries, exploration and resource definitional drilling activities and for general corporate purposes.

Jean Martineau, Malaga's President and CEO commented: "This financing is the first step in establishing our Pasto Bueno mining operation as the premiere producing tungsten mine in the Western world. We are pleased with the confidence that RCF and new investors have placed in us and the tangible support as evidenced by their investment."

CORPORATE EVENTS

New York Hard Assets Investment Conference, Sunday May 9 until Tuesday May 11, 2010

Malaga Inc. will be attending the New York Hard Asset Investment Conference. Please join us at the New York Marriott Marquis Hotel / Time Square in the Westside Ballroom on the 5th floor at Booth number 606.

ABOUT MALAGA INC.

Malaga Inc. is a publicly listed (TSX: MLG - News) tungsten mining company that uses modern, efficient and productive mining technology. The Company is committed to growth through increasing its tungsten concentrate production, by continuing the exploration of the Pasto Bueno property as well as through strategic acquisitions. It also seeks diverse Peruvian growth opportunities such as developing the hydroelectric potential of the Pasto Bueno property, through Hidropesac, in which the Company holds 44%, as well as through its holding in Dynacor Gold Mines Inc. in which the Company owns 13.5%.

[hinchback]

wowwww check your screen!!!

volume record today!!!

[hinchback]

MALAGA: APPOINTMENT OF TWO BOARD MEMBERS

Malaga Inc. has appointed Daniel Danis and R. Martin Wong to the board of directors.

Mr. Danis is an experienced geologist with more than 20 years in exploration in Quebec and abroad. He has worked for public companies Minorca Resources, Vogues Resources and Unigold Resources. Mr. Danis is currently president and chief executive officer of Unigold Resources, a gold exploration company with mining properties in the Dominican Republic. Mr. Danis holds a bachelor of science in geology and a master's degree from the Universite du Quebec a Montreal, with a specialization in geochemistry.

Mr. Wong is an experienced corporate financial executive, investment banker and chartered accountant, specialized in investments, capital markets, investment banking, relation management and loan restructuring. Mr. Wong previously worked for large financial institutions such as RBC Royal Bank and Scotia Capital, and more recently, in investment banking at Dundee Securities Corp. Mr. Wong is currently an independent financial adviser and consultant to public and private companies. He holds a bachelor of business administration from Bishop's University, is a member of l'Ordre des comptables agrees du Quebec, and administrator of a number of boards and philanthropic organizations.

"We are very proud to welcome Mr. Danis and Mr. Wong to our board of directors, and look forward to their experienced advice and support at a time when we are speeding up our tungsten production in Peru, as well as planning important exploration programs on the Pasto Bueno property," said Jean Martineau, president and CEO of Malaga.

[drluck]

http://www.miningweekly.com/article/china-lifts-mining-quotas-for-tungsten-antimony-rare-earth-2010-03-17

[hinchback]

Malaga’s tungsten production has now risen to about 375 t/d from 250 t/d and is on schedule to
be at 500 t/d by mid-'10. At that point it should be worth more than 3 times the current share
price. And, the cash flow from increasing production should drive the valuation even higher
with the wherewithal to drill off part of 25 major structures within the 77 known tungsten veins.
To boot, tungsten prices have strengthened and the company has a plan to generate additional
revenues from its silver and copper off-take and from a hydroelectric plant.


http://www.trapezeasset.com/trapezeasset/newsletter/TAMI_Feb2010.pdf

pg #7

[drluck]

0.14$ !!!!!

[drluck]

out of topic



Bloomberg
China May Emulate U.S. ‘Quiet Revolution’ in Shale Gas Output
March 11, 2010, 6:54 PM EST


By Ben Farey

March 12 (Bloomberg) -- China may produce a quarter of its natural gas from shale deposits within 20 years to meet growing demand for the cleaner-burning fuel, reduce imports and emulate a boom in U.S. output from the gas-bearing rock.

“If the Chinese can bring their shale resources on in line with shale gas in the U.S. it will make a tremendous difference to their energy supply,” Morten Frisch, senior partner at Morten Frisch Consulting in East Horsley near London, said in a March 10 telephone interview.

China, the biggest emitter of greenhouse gases, imports energy to fuel the world’s fastest-growing major economy. It’s building liquefied natural gas terminals and started pipeline imports from Turkmenistan as it aims to cut coal use. The U.S. and China last year signed a shale gas development accord as companies including BP Plc and Royal Dutch Shell Plc agreed to look for the resource in the country.

PetroChina Co., the nation’s biggest energy producer, estimates China may have as much as 45 trillion cubic meters in shale gas resources. That’s more than Russia’s proved gas reserves last year, according to BP’s Statistical Review of World Energy. The U.S. last year passed Russia as the world’s largest producer of gas as shale output rose to 10 percent of total supplies from 2 percent in 1990 in what BP’s Chief Executive Officer Tony Hayward called a “quiet revolution.”

“We do think there are considerable shale gas resources in China,” Richard Newell, an administrator at the Energy Information Administration, a branch of the U.S. Department of Energy, said at a conference in Amsterdam last week. Shale will be an “important source” of gas for China, he said, rising to 25 percent of the country’s output by 2030.

‘Very Early Days’

“For shale gas in China it’s still very early days,” Frisch said.

China produced 76 billion cubic meters of gas and used 81 billion cubic meters in 2008, according to BP’s Statistical Review. Annual imports, including LNG via ocean-going tankers, will exceed 135 billion cubic meters by 2020, according to Center for Energy Strategy Studies in Beijing. The country aims to cut the share of coal in its energy mix to 60 percent by 2020 from 70 percent.

China signed an agreement with the U.S. on Nov. 17 to cooperate in shale gas development. “The picture of natural gas in the U.S. has been transformed in a very short period of time,” Hayward said Oct. 8 in Buenos Aires, according to a transcript on BP’s Web site. It reversed declining U.S. gas output and triggered a slump in prices.

Gas Prices

Gas futures at Henry Hub in Louisiana, the U.S. benchmark, fell 67 percent from their peak in July 2007 to $4.535 a million British thermal units in New York trading today.

The U.S.-China initiative plans to accelerate shale developments in China through joint technical studies and promote investment in China’s shale resources, U.S. President Barack Obama’s administration said in a statement at the time.

The shale agreement may “ease the path” for U.S. companies such as Exxon Mobil Corp. and Chesapeake Energy Corp. to break into China, Frisch said.

PetroChina and Shell agreed in November to develop shale gas in the country’s Sichuan province. China Petroleum & Chemical Corp., known as Sinopec, is cooperating with BP to search for shale.

In the U.S. new techniques to fracture and force gas- bearing rocks to release more fuel increased shale gas reserves 51 percent last year, according to the EIA. Large volumes of water along with chemicals are pumped under high pressure into the wells to fracture the rocks and allow the fuel to escape.

Rising U.S. Output

Shale gas will account for nearly a quarter of all U.S. dry gas production by 2035, according to EIA forecasts. In Canada shale will make up almost 20 percent of gas output in 2030, offsetting declines in conventional fields, Newell said.

How far shale changes gas markets in China, the U.S. and Europe will depend on the properties of each “play”, market competitiveness relative to other sources of the fuel and how government policies enable shale developments, Newell said. The agency may be underestimating the potential for shale production in China, Europe and around the world, he said.

“On the technological side we are still at the very early stages of development,” Newell said in an interview last week. Breakeven costs for shale range from about $3 a million British thermal units to $7 a million Btus in the U.S., he said.

Shale exploration is less risky than conventional gas, Newell said. It’s more akin to “a manufacturing process” as deposits are well mapped, he said. “We don’t see any significant risk of shale production will drop off anytime soon.”

--Editors: Rob Verdonck, Jonas Bergman.

To contact the reporter on this story: Ben Farey in London at [e-mail]

To contact the editor responsible for this story: Stephen Voss at [e-mail]

[drluck]

GGGGGGAAAAAAAAAAAPPPPPIIIINGGGGG !!!!!!!!!!!!!

[drluck]

Great Pick Dandy . tks

[Dandy]

http://www.miningweekly.com/article/tungsten-miner-malaga-eyes-2nd-mill-acquisitions-2010-03-10

[eddy05]

By: Liezel Hill
10th March 2010
Updated 33 minutes ago
TEXT SIZE
Text Smaller Disabled Text Bigger


TORONTO (miningweekly.com) – Malaga Inc, the only operating primary tungsten miner in the Americas, could start considering a second, “much bigger” mill at its Pasto Bueno mine, in Peru, by 2012 and is looking at acquisition targets in North America and Europe, CEO Jean Martineau said on Tuesday.

Demand for tungsten, which is used to strengthen steel and prevent corrosion, is being driven by China, which is also the biggest producer of the metal.

The APT European bid price stood at $185/t at the end of 2009, and has gained in value each week this year, to $210/t at the moment.

Martineau said he expects to see prices recover to $250/t by the end of 2010.

“And after that, who knows? But we think we are going to have a nice market, a very nice market,” he said in an interview on the sidelines of the Prospectors and Developers Association of Canada's annual convention.

Malaga bought the Pasto Bueno mine in 2005 and hit commercial production two years later, at a rate of 250 t/d.

The company then arranged $5-million in finance from customer Global Tungsten Powders in February 2009 for a mill expansion, which began two months later in April last year.

Throughput is already up to 375 t/d, and the company expects to hit 500 t/d by May this year, and could ramp up to 800 t/d in 2011, Martineau said.

The firm expects to be cash flow positive by the second quarter of this year, and the focus for the next two years will be on increasing production and recoveries at Pasto Bueno, as well as on exploring the company's property.

“When we bought this property, there were 31 known veins and they have extracted more than six-million tons over the 60 years of operations, but just from five structures,” Martineau said.

Since 2005, the company has increased the known veins to 78, of which 25 are major structures.

Given the potential for increased resources and reserves, the company may look at building a second, larger mill, he said.

“But the size will be decided by the reserve.”

ACQUISITIONS, CHINESE INTEREST

Chinese companies are very active in looking to acquire new sources of production, and Malaga has definitely received approaches, Martineau said.

“They are becoming more and more aggressive in this market,” he said.

“But right now, what we want to do is develop the company.”

As far as its own acquisitions are concerned, the company is eyeing a number of tungsten projects in Europe and North America, and there are two in particular that are of interest, Martineau said.
Edited by: Liezel Hill

[drluck]

TUNGSTEN CONFIRM NEXT BUBBLE !!!!!!!!!!!

[eddy05]

For more information, please contact:
Jean Martineau
President & CEO
Malaga Inc.
Telephone: [phone]
Dale Nejmeldeen Investor Relations Malaga Inc. Telephone: [phone] Email: [e-mail]
Nicole Blanchard
Corporate Strategy and Investor Relations
Sun International Communications
Telephone: [phone]

Sun International Communications Sun International Communications provides strategic global expertise in investor relations and financial communications services. ...

[Dandy]

Malaga announces its tungsten ore reserves and resources increased by 72% and 280% respectively at Pasto Bueno tungsten mine: Peru

[hinchback]

wowww good PR Malaga potential increasing

[Dandy]

Good NEWS OUT !!!!

[eddy05]

Malaga's Pasto Bueno at 398,845t of 0.75% WO3 M+I

2010-03-05 12:02 ET - News Release

Mr. Jean Martineau reports

MALAGA ANNOUNCES ITS TUNGSTEN ORE RESERVES AND RESOURCES INCREASED BY 72% AND 280% RESPECTIVELY AT PASTO BUENO TUNGSTEN MINE: PERU

Malaga Inc. has released resource estimates from an updated technical report on the Pasto Bueno tungsten mine's reserves and resources, located in the Ancash province of Northern Peru. The National Instrument 43-101-compliant report was prepared by Vector Engineering Inc. The data include detailed sampling of veins exposed in drifts and chimneys, and long sections of eight veins that are currently being exploited or explored. There are currently 78 known WO3-mineralized veins found on Malaga's Pasto Bueno property. The resource summary includes 169,427 metric tonnes of proven-and-probable reserves, with a WO3 average grade of 0.7 per cent, 398,845 metric tonnes of measured-and-indicated resources with a WO3 average grade of 0.76 per cent and 1,820,641 metric tonnes of inferred resources with a WO3 grade of 0.7 per cent.

[hinchback]

China’s tungsten concentrate firms on restocking, tight supply
Shanghai 03 March 2010 08:52

Chinese tungsten concentrate prices have climbed 500-1000 yuan ($73-146) per tonne this week on the back of better domestic demand for ammonium paratungstate (APT) and ferro-tungsten, combined with insufficient supply.

Tungsten concentrate is trading at 75,000-76,000 per tonne, up from 74,500-75,000 yuan last week.

“You can't find anything below 75,000 yuan [per tonne] now, and we just bought some material at 76,000 on Monday,” a buyer in Hunan province told MB, adding that he heard some offers this week had gone as high as 78,000 yuan.

Demand from the APT and ferro-tungsten sector is improving as most market participants are back in business after the Chinese New Year holiday and are restocking, said producers.

“Sales are better in the local market than overseas, and prices are up a bit from pre-holiday,” said a producer in Jiangxi.

Supply of tungsten concentrate has been tightened as tungsten miners limit the use of explosives while important political gatherings take place in Beijing.

China normally restricts explosives use and distribution to avoid accidents that could overshadow high-profile events. The full annual session of the National People's Congress opens this Friday in Beijing.

Few exports were reported, with APT at $210-213 per mtu fob and ferro-tungsten at around $30.5-31.5 per kg fob China.

“We haven’t concluded any major deals on APT this week as we hear some foreign buyers are turning to spot material from overseas warehouse, which are priced slightly lower than ours,” a major trader in Beijing told MB.

[hinchback]

The management team of Malaga and Dynacor invite you to stop by our booth at #2418B and meet us at this year's PDAC International Convention, Trade Show & Investors Exchange at the Metro Toronto Convention Centre - South Building on March 7-10. Alternatively if you prefer an exclusive one-on- one meeting, please contact to schedule an appointment at [e-mail] or 604.562.1348 direct.

[drluck]

http://www.infomine.com/commodities/tungsten.asp

[drluck]

http://www.metalbulletin.co.uk/Article/2399219/NonFerrous/Chinese-ferro-tungsten-export-prices-rising.html