Iberian Minerals Corp., a Canadian listed global base metals company with interests in Spain and Peru announced that it has declared commercial production at the Aguas Tenidas Mine in Spain. As such, for accounting purposes, effective October 1, 2009, all revenue and expenses will be accounted for as part of the income statement of the Corporation. Daniel Vanin, President, commented: “This is...
Iberian Minerals Corp. announced today that in connection with the previously announced purchase of the underground mining division of Insersa at Aguas Tenidas, which closed on July 31, 2009, the Company will issue a total of 1,459,073 registered shares (the “Insersa Shares”) on or about September 4, 2009. Failure to issue renders the Company liable to return to Insersa Euros 480,000, being...
Iberian Minerals Corp. announced today that the Company, through its wholly-owned subsidiary Minas de Aguas Tenidas S.A.U. (“MATSA”) has entered into an agreement with INGENIERIA DE SUELOS Y EXPLOTACION DE RECUROS S.A (“Insersa”) whereby MATSA will purchase the Aguas Tenidas underground mining division of Insersa for the sum of Euros 6,000,000, payable as to Euros 5,520,000...
Iberian Minerals Corp. and its wholly owned subsidiary Minas Aguas Tenidas S.A. are pleased to announce that the first copper concentrates have been produced at the Aguas Tenidas mine on December 21st, 2008. The Aguas Tenidas mine is located in the Andalucia region of Spain. The copper concentrate was produced out of the copper flotation circuit that has a design process capacity of 850,000 tonnes...
Iberian Minerals Corp. Iberian Minerals Corp. announces assay results from an additional underground and surface drilling as part of its 2008 copper stockworks drilling program on the Agua Tenidas mining project. The stockwork program from the existing underground infrastructure is focused at the East end of the deposit between sections 690.790E and 690.960E. It will be extended to the East to section...