Malaga Inc.
Malaga Inc. is America's leading producer of tungsten ore and owns the only operating tungsten mine in the Americas. In February 2009, Malaga was successful in securing a 5-year supply agreement with a large tungsten end-user. The Pasto Bueno tungsten mine was purchased in 2005 by Malaga which has since invested more than 19.2 million dollars to restart and to increase tungsten production. Since 1941, more than 6 million tons of tungsten ore has been produced at Pasto Bueno. Current tungsten concentrate production is approximately 5,000 MTU per month (1 MTU = 10 kilos of tungsten concentrate) and Malaga expects to double this in 2010. Malaga produces one of the highest quality tungsten concentrates available in the world due to its low content of impurities.Malaga trades on the Toronto Stock Exchange (MLG), is a pure tungsten play, and is currently the only publicly traded tungsten producing company outside of China.
Contact Details
Executives
Chairman, President and CEO
Jean Martineau
VP and CFO
Pierre Monet