Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent
Malaga to Build New Hydroelectric Plant in Peru
Published : February 16, 2012

- Additional power will continue to significantly reduce tungsten production costs at Pasto Bueno mine

- Construction permit expected by end of 2012

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

MONTREAL, QUEBEC--(Marketwire - Feb. 16, 2012) - Malaga Inc. ("MLG")(News - Market indicators)(OTCQX:MLGAF) and Hidropesac, a joint venture between Malaga and its Swiss partners, Emerging Power Developers and Stucky S.A., are pleased to announce that they will build a new hydroelectric power plant on Malaga's Pasto Bueno property in Peru. While initial capacity is expected to be 20 MW, given the area's watershed and water flow characteristics, as well as enhanced dam retention capacity, potential capacity could subsequently be increased up to 38 MW.

"Tungsten concentrate at the Pasto Bueno mine is currently produced using a gravimetric process that's powered by a 600-kW feed from a hydroelectric plant (about 70% of the power requirements) built by Hidropesac in 2007," stated Pierre Monet, President and Chief Executive Officer of Malaga. "Given the access to the large rivers on the property, we are now planning an expansion that would enable us not only to meet our long-term power requirements, estimated at 3-4 MW, but also sell surplus power to private users or the Peruvian national power grid."

Monet noted that Malaga's goal in terms of energy has always been to ensure an adequate supply of power, control the related costs, be as environmentally friendly as possible and, provided the opportunity, maximize the value of this asset, which until now has been intangible. "The bottom line is that the new hydroelectric power plant will provide Malaga's Pasto Bueno mine with a distinct advantage."

The decision to build a new power source was based on Hidropesac's updated feasibility study on the construction of a hydroelectric power plant using the water resources of the Pelagatos and Plata rivers. Hidropesac has a temporary concession permit and is presently updating the environmental assessment and archeological artefacts study. When those studies are finished, it will then complete the generation and transmission technical specification, a feasibility study for the electromechanical equipment, engineering for the civil and electromechanical works, and engineering for the substations and transmission line in order to obtain the permanent concession.

Malaga expects to obtain final approval early in the fourth quarter of 2012, which would allow building to begin the following quarter. Construction is expected to take 18 to 24 months, followed by a six-month commissioning period.

ABOUT MALAGA INC.

Malaga Inc. owns and operates the Pasto Bueno mine in Peru, and is one of the few publicly-traded producers of tungsten outside of China. Malaga is a low cost producer due to its gravimetric ore concentration process and the availability of hydroelectric power generated on its property. Malaga's production capacity represents about 10% of the tungsten available for sale outside of China, and the Company plans to increase production and is currently exploring the property to develop its reserves and resources.

HIDROPESAC - A joint venture between Malaga (49%) and its Swiss partner EPD (Emerging Power Developers, a subsidiary of Stucky S.A.) has invested over US $3 million at Pasto Buena to build and commission a hydroelectric power plant with a nominal capacity of 600 kW. The plant includes two hydroelectric generators - one 150 kW vertical and one 450 kW horizontal - couple to Pelton-type turbines, as well as a 22.9 kV/400 V transformer and a 15-km transmission line that connects Pasto Bueno to the Peruvian national power grid.

FORWARD-LOOKING STATEMENTS

Certain statements in the foregoing may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause Malaga's actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The information provided reflects management's current expectations regarding future events and performance as of the date of this news release.

 


Pierre Monet
President and Chief Executive Officer
Malaga Inc.
(514) 288.3224
or
Nicole Blanchard
Corporate Strategy and Investor Relations
Sun International Communications
(450) 973.6600

Malaga Inc.

PRODUCTEUR
CODE : MLG.TO
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Malaga est une société de production minière d'or et de tungsten basée au Canada.

Malaga détient divers projets d'exploration au Perou.

Son principal projet en production est PASTO BUENO au Perou.

Malaga est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 918 375 CA$ (881 456 US$, 674 490 €).

La valeur de son action a atteint son plus haut niveau récent le 20 juin 2008 à 0,49 CA$, et son plus bas niveau récent le 15 juillet 2013 à 0,01 CA$.

Malaga possède 183 675 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de Malaga Inc.
2007 Annual Report
Nominations de Malaga Inc.
02/12/2011Announces Appointment of Pierre Monet as President and Chief...
23/06/2011Appoints Three New Board Members
08/07/2008appoints Paul Cregheur to the Board of Directors
26/06/2008appoints three new Directors
20/12/2007Appoints a new board member
Rapports Financiers de Malaga Inc.
03/04/2013Publishes Year-End Results
22/08/2008Q2 2008 financial results and outlook for 2008
14/04/2008Reports its year end financial results for 2007
15/11/2007reports net earnings in its third quarter 2007
16/08/2007Reports $6,749,432 revenue from the sale of gold and tungste...
23/05/2007reports sales of $2.3 million of tungsten concentrate for th...
13/04/2007files its audited consolidated financial statements and anno...
Projets de Malaga Inc.
31/05/2011(Pasto Bueno)Announces a $1.5 Million Diamond Drilling Campaign in the Co...
24/04/2008(Pasto Bueno) Pasto Bueno: Commissioning of the first phase of the Pasto ...
03/03/2008(Pasto Bueno)discovers new tungsten mineralized vein structures at Pasto ...
13/11/2007(Pasto Bueno) Pasto Bueno: Drilling Reveals New Tungsten Mineralized Zone...
15/05/2007(Pasto Bueno)commercial production begins at the Pasto Bueno mine
Communiqués de Presse de Malaga Inc.
06/06/2013Files a Notice of Intention to Make a Proposal Under the Ban...
21/05/2013Publishes Q1 Results
09/04/2013Sells Its Hydro Electric Power Plant
09/11/2012Update on Mining Operations
09/11/2012Update on Mining Operations
22/10/2012(Pasto Bueno)Pasto Bueno Process Plant in Care and Maintenance
22/10/2012(Pasto Bueno)Pasto Bueno Process Plant in Care and Maintenance
15/08/2012Announces Its Q2 Results
09/05/2012Maintains Profitability and Generates Cashflow From Operatin...
17/04/2012to Recover Additional Tungsten From Its Tailings Pond
28/03/2012Improves Profitability and Generates a Net Income of $5.6M a...
27/02/2012(Pasto Bueno)Increases Its Resources by More Than 140% and Its Reserves b...
16/02/2012to Build New Hydroelectric Plant in Peru
09/01/2012(Pasto Bueno)Announces Appointment of Fernando Pajuelo Rincon as General ...
04/10/2011Joins OTCQX-"MLGAF"
15/08/2011Reports Financial Results for Second Quarter 2011: Generates...
17/06/2011Generates a Net Income of $0.8 Million and an EBITDA of $1.3...
20/05/2011Says it is Not Aware of Any Undisclosed Development That Wou...
11/04/2011Reports Record Sales of US $4.5 Million in the First Quarter...
31/03/2011Reports Income of $1.1 Million From Mining Activities
30/10/2007 Announces the Final Distribution Ratio of Dynacor Gold Mine...
26/09/2007senior management changes within the company
17/07/2007Change of corporate name and trading symbol (previously Dyna...
17/04/2007has 100% ownership of its Acari property in Peru
21/03/2007signs an engagement letter of up to CA$5 million with D&D Se...
20/02/2007To Spin Off Gold Assets To Shareholders
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (MLG.TO)OTHER OTC (MLGAF)
0,005+0.00%0,0000.00%
TORONTO
CA$ 0,005
15/07 15:51 -
0%
Cours préc. Ouverture
0,010 -
Bas haut
0,005 0,005
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,005 -50,00%
Volume var. 1 mois
0 -50,00%
24hGold TrendPower© : -11
Produit Tungsten
Développe
Recherche
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 25/03/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,03 AU$-0,28%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 +4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+2,70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.