PMEA Blog

MBMI RESOURCES INC
MBRTF | 9/17/2008 11:12:27 AM
VANCOUVER, BRITISH COLUMBIA, Sep 17, 2008 (Marketwire via COMTEX News Network) —

MBMI RESOURCES INC. (”MBMI” or the “Company”) (TSX VENTURE:MBR) is pleased to report that its Philippine partners have received a favourable ruling from their appeal to the Mines Adjudication Board (”MAB”) of the Philippines Department of Environment and Natural Resources (”DENR”) related to the Alpha Property, Bethlehem Property, and the two Rio Tuba Properties all located in the Province of Palawan.

The MAB ruling overturns a “status quo order” issued previously by a regional Panel Of Arbitrators in 2007 (see news release November 27 2007) pursuant to a challenge initiated by a ’shell company’ known as Redmont Consolidated Mines Corp (”Redmont”). The Company and its Philippine legal counsel maintained that this challenge had no legal merit and was an attempt by Redmont and its backers to illegally gain an interest in these projects.

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