Malaga Inc (MLGAF)

[Pro-Life]

A low volume jump today of 18%...

[Pro-Life]

I'm wondering if this area is now support - 20¢

[Pro-Life]

Tungsten prices have been on the rise for about 6 months or so...

...............................................................................

[Hockmir]

Malaga has been trending down for the past 3 months. If it is basing here for the next advance, might be a good time for me to considerf re-taking my position in it.

[Pro-Life]

"... Today we are at the maximum recycling possible. Now there is a huge squeeze on the market," Martineau said.

*Excerpt from: American Metal Markets (4/15/11)

http://www.amm.com/Article/2808780/Search/Results/Malaga-to-ramp-up-tungsten-output.html?Keywords=malaga&OrderType=1

[Pro-Life]

"... Malaga’s tungsten ore is recognized worldwide for its superior quality... "

http://www.malaga.ca/malaga/en/index.php

[Pro-Life]

"... One of the rare tungsten mining operations outside of China listed on a stock exchange... "

http://www.malaga.ca/malaga/en/index.php

[Pro-Life]

"... Malaga is one of only two tungsten ore producers in the Americas and has one of the few tungsten mines in operation in the world... "

http://www.malaga.ca/malaga/en/index.php

[hinchback]

I am IN since 0.10

[Hockmir]

Tungsten price trending up for the past two years.

[Hockmir]

Looks like if you want an "Americas Centric" tungsten producer, you need to look at Malaga, Largo or US Tungsten. Anyone else out there? Is that it?

[Hockmir]

Not alot of volume showing up here yet, but, as proces begin to move, perhaps the volume will follow.

[Hockmir]

Certainly looks like tungsten is starting to follow the lead of rare Earth Elements up. The "Chin Effect" looks like something to pay attention to in resource stocks.

[the cork]

China Halts Start of New Tungsten, Rare Earth Mines (Update1)

By Bloomberg News

March 16 (Bloomberg) -- China, supplier of 90 percent of the world’s rare earth minerals, stopped accepting applications for new mines to produce the materials until June 30, 2011, the land ministry said.

It also stopped accepting applications for tungsten and antimony mines, the Ministry of Land and Resources said in a statement on its Web site late yesterday. Shares of producers rose after the announcement.

The policy, aimed at protecting resources, may benefit producers such as Hunan Nonferrous Metals Corp. and Inner Mongolia Baotou Steel Rare-Earth Hi-tech Co. The government wants to help producers increase bargaining power in price talks, said Yao Chunlei, analyst at Guoyuan Securities Co.

“China’s rare earth miners don’t have much say in price negotiations,” Yao said from Shanghai. “The resources were sold too cheaply.”

Baotou Steel Rare Earth, the owner of the country’s largest rare earth mine, rose as much as 6.5 percent and was 3.1 percent higher at 24.57 yuan at 10:31 a.m. in Shanghai.

Hunan Nonferrous, China’s biggest tungsten maker, gained as much as 1 percent. Chenzhou Mining Group Co., the world’s second-largest antimony producer, gained 2.1 percent in Shenzhen. The benchmark Shanghai Composite Index gained 0.2 percent.

Rare earth minerals, a group including dysprosium, are used in hybrid cars such as Toyota Motor Corp’s Prius and music players like Apple Inc.’s iPod. Tungsten is used to toughen steel to make machine tools. Antimony is used in lead batteries.

China plans to cap output of tungsten metal at 80,000 tons, antimony at 100,000 tons and that of rare earth at 89,200 tons, for 2010, the statement said. It has targets for provinces and companies.

“The policy is aimed at protecting and effectively utilize China’s advantageous mineral resources,” the ministry said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMbYZBSp.0og

[the cork]

Picked up some .1289's yesterday, to make up for those .14's earlier LoL!

Between the mining and the hydro potential it looks like a great long term value play.

"Malaga intends to install a 2nd hydroelectric plant that will not only cover all of its future power needs but will also allow Hidropesac to generate additional electricity that will be sold to the national power grid and generate further income for the joint venture."

Gonna be a Electric Utility in an emerging market. How cool is that !

GLTA !!

[drluck]

MLGAF.PK

[drluck]

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]

MLGAF.PK and MLG.to a GEM next in Peruvian Borse.