Malaga Inc to Start Immediate Construction of New Pilot Plant
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.
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.
As quoted in the press release:
Financed by an advance on sales from Malaga’s current customer, Global Tungsten & Powders Corp (“GTP”), construction will begin immediately with first delivery expected in Q3-2012. Assuming a 50% recovery rate, Malaga would produce an additional 31,500 metric tonne units (MTU’s) over the next few years from the current tailings pond, which is the equivalent value of $10M USD in revenues at current market prices.
Malaga Inc., President and CEO, Pierre Monet, commented:
We are pleased to valorize the tungsten content from our current tailings pond, and look forward to using the cash flow generated from this project to invest in development of the Pasto Bueno mine. We are also pleased to benefit from GTP’s on-going support and their position as a leading player in the tungsten sector.
Click here to read the Malaga Inc. (TSX:MLG) press release
Click here to see the Malaga Inc. (TSX:MLG) profile
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1799.40 | +10.41 | |
Silver | 20.74 | +0.47 | |
Copper | 3.67 | -0.04 | |
Palladium | 2235.51 | -40.49 | |
Platinum | 963.50 | +8.49 | |
Oil | 92.58 | -1.76 | |
Heating Oil | 3.53 | +0.04 | |
Natural Gas | 8.83 | -0.04 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.