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Malaga Inc. (TSX:MLG) announced that it plans to sell all of its shares in Hidroeléctrica Pelagatos SAC, a 600-kW hydroelectric power plant, for $650,000.
Malaga Inc. (TSX:MLG,OTCQX:MLGAF) entered into a $2 million loan agreement with a Peruvian bank for a term of 36 months secured by the real estate in Lima. Malaga is in receipt of the amount of $1.5M.
Malaga has placed its tungsten mine on care and maintenance following a power-related accident. Meanwhile, the company is reviewing its plans and searching for financing.
Malaga Inc. (TSX:MLG,OTCQX:MLGAF) announced its financial results for the third quarter ended September 30, 2012.
Malaga Inc. (TSX:MLG,OTCQX:MLGAF) has suspended mining operations at its Pasto Bueno tungsten mine, and has put the mine on care and maintenance. Malaga previously announced that its tungsten process plant had been put in care and maintenance due to the accident which caused the power outage at Pasto Bueno. During
Reuters reported Malaga Inc (TSX:MLG) said it has suspended operations at its tungsten mill in Peru for at least four weeks due to a power disruption.
Production has been suspended at the Malaga Inc. (TSX:MLG,OTCQX:MLGAF) Pasto Bueno tungsten process plant. The Plant is currently in care and maintenance due to the hydro-electric transmission line being accidentally severed and several transmission poles damaged causing a complete power outage to the plant and mine.
Mineweb reported Malaga (TSX:MLG) has excellent exploration potential around its operations and plans to double output.
Supply outside of China is supposed to be a major priority in the tungsten market, but companies’ stock performances don’t indicate that investors are avidly supporting diverse projects.
A brief overview of tungsten price developments, supply and demand and significant market movers.
Malaga Inc. (TSX:MLG,OTCQX:MLGAF) reports a net income of $0.2M and cash flow from operating activities of $1.8M for its second quarter, ended June 30, 2012.
By Vivien Diniz
Tungsten Investing News spoke with Hallgarten & Company mining strategist Christopher Ecclestone about the current tungsten market in light of recent changes in China.
Malaga Inc. (TSX:MLG,OTCQX:MLGAF) reported financial results for the first quarter ended March 31, 2012. Highlights include a net income of $0.1M, sales of $3.6M, and cash flow from operating activities of $1.1M in Q1 2012.
Miners are looking to answer the call for tungsten supply from sources outside of China. Here is what equity investors should consider.
Malaga Inc.(TSX:MLG) announced that it will undertake construction of a pilot plant to validate concept studies from its existing tailings pond. Construction of the plant is to begin immediately after receiving financing from an advance on sales.
In its 2011 financial results, Malaga Inc.(TSX:MLG,OTCQX:MLGAF) reported a net income of $5.6M compared to $1.2M in 2010; income from mining activities of $7.8M compared to $1.7M in 2010; and
revenues of $20.9M compared to $14.2M in 2010.
Not only is tungsten classified as a critical metal in the EU but the BGS Risk List ranks it as a high risk element. Find out why.
The annual PDAC Trade Show is upon us! This year the show runs from March 4th to 7th, at the Metro Toronto Convention Centre in downtown Toronto. The show attracts exhibitors and visitors from across the Americas and around the world.
The show will feature many Resource Investing News Network sponsors
Malaga Inc.(TSX:MLG) announced that it has increased its resource by 140% at its Pasto Bueno Tungsten project. The Company announced the updated resource and reserve estimate which complies with its NI 43-101 on the Pasto Bueno project. Malaga are still to release the full results from its first exploratory drill
Together with Hidropesac, a joint venture between Malaga Inc. (TSX:MLG,OTCQX:MLGAF) and its Swiss partners, Emerging Power Developers and Stucky S.A., the company announced that a new hydroelectric power plant will be built on Malaga’s Pasto Bueno property in Peru.
