Malaga Reports Income of $1.1 Million From Mining Activities

Malaga Inc. (TSX:MLG) files the company’s audited financial statements for the year ended December 31, 2010.

The press release is quoted as saying:

Current market conditions have demand for tungsten growing with no new significant production capacity increases outside of China envisioned before at least 2014. The APT price has risen 115% since the beginning of 2010, from US $185 in 2010 to nearly US $400 today. The Company believes that market prices will remain strong because market demand currently exceeds production capacity.

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