MineCore International (fka MCIO)

[Welcome2Pinkyland]

i'm glad you old timmers know a lot about ABFG -

what we've learned so far from your abfg spamming of this board:

Jerry G. Mikolajczyk was involved with abfg
Jerry G. Mikolajczyk was never convicted by the sec of any wrong doing
abfg it was a failed attempt 10 years ago to mine Madagascar- due to the government climate in Madagascar 10 years ago

what's different 10 years later:

Madagascar Political Climate

The president and government of Madagascar have recently changed. While the process by coup d'état (coup) introduced some geopolitical tension, the new administration appears to maintain a pro-business and pro-mining position.

The current government is reviewing major mining projects and is in the process of appointing a new Minister of Energy and Mines. MineCore's plan has always been to employ local workers and further support local infrastructure in developing elements such as roads, bridges, schools and medical facilities. MineCore has two Memorandums of Understanding with the Government of Madagascar for bridge and highway improvements between the port of Toliar and Ilalaka. These improvements would service MineCore's sapphire-bearing concessions.

This political transition has alleviated much uncertainty towards the government's position on mining. Favorable evidence is supported by operating results from the world's third largest mining company and currently largest mining company in Madagascar, Rio Tinto. Rio Tinto's local $1 billion titanium mining operations were not affected during the coup and continue to operate. See story for more details by clicking: http://www.theaustralian.news.com.au/business/story/0,28124,25277989-643,00.html

Other exploration and mining projects in Madagascar include a multi-national nickel operation (this project is operated by Canadian Sherritt International, Japan's Sumitomo Corp., South Korea's state-run Korea Resources, and Canada's SNC Lavalin Group); South Africa's EXXARO ilmenite mining; and Australia-based Red Island Minerals coal project (Singapore-listed Straits Asia Resources acquired 33.5 percent of the project for $92 million. See story for more details by clicking: http://uk.reuters.com/article/oilRpt/idUKLV66037620090331)

Further support for the new administration includes a recent $2 billion pledge by Saudi investors for Madagascar's tourism, communications and energy sectors. This is a very positive pro-business indicator that should lead to more investment from others around the world. See story for more details by clicking: http://af.reuters.com/article/topNews/idAFJOE54309G20090504?feedType=RSS&feedName=topNews