| Date 2/22/2012 |
| Open: 0.14 |
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Volume 1449650 |
16/2/2012
Malaga To Build New Hydroelectric Plant in Peru
Additional Power Will Continue To Significantly Reduce
Tungsten Production Costs At Pasto Bueno Mine
Construction Permit Expected by End of 2012
... more
| 9/1/2012
Malaga Announces Appointment of Fernando Pajuelo Rincon as General Manager at Its Pasto Bueno Tungsten Mine
MONTREAL, QUEBEC--(Marketwire - Jan. 9, 2012) - Malaga Inc. ("MLG")(TSX:MLG)(OTCQX:MLGAF) announces the appointment of Fernando Pajuelo as General Manager in charge of mining operations at the Company's Pasto Bueno tungsten mine in Peru. Mr. Pajuelo ... more
| 2/12/2011
MALAGA ANNOUNCES APPOINTMENT OF PIERRE MONET AS PRESIDENT AND CHIEF EXECUTIVE OFFICER
Montreal, December 2, 2011 – The Board of Directors of Malaga Inc. (gMLGh) today announced the appointment of Pierre Monet as President and chief executive officer, replacing Jean Martineau who will remain Chairman of the Company and Presiden... more
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Malaga Inc. is America's leading producer of tungsten ore and owns one of the few operating tungsten mines in the world. In February 2009, Malaga was successful in securing a 5-year supply agreement with a large tungsten end-user. The Pasto Bueno tungsten mine in Peru was purchased in 2005 by Malaga which has since restarted and increased tungsten production to 500 tpd. |
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Since 1941, more than 6 million tons of tungsten ore has been produced at Pasto Bueno. Current tungsten concentrate production is approximately 6,000 MTU per month (1 MTU = 10 kilos of tungsten concentrate) and should increase substantially in the near future. Malaga produces one of the highest quality tungsten concentrates available in the world due to its low content of impurities. |
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Malaga trades on the Toronto Stock Exchange (MLG), is a pure tungsten play, and is currently one of the only two publicly traded tungsten producing companies outside of China. |
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