Zug, 16th July 2009

TVI PACIFIC SHIPS ITS 4th COPPER CONCENTRATE SHIPMENT TO MRI TRADING AG UNDER THE FIVE YEAR OFF-TAKE AGREEMENT (PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has taken delivery of its fourth shipment of copper concentrate extracted from the Canatuan Mine in the Philippines.
The offtake agreement provides that MRI TRADING AG will purchase all of the copper concentrates produced at Canatuan over the anticipated life of the sulphide operation. To date, the Canatuan Mine has produced approximately 20,200 dmt of copper concentrate. Of this production, 19,124 dmt have been shipped through the offtake agreement with MRI TRADING AG, generating estimated gross revenues of approximately $21 million pending final assay tests and prices.

About MRI TRADING AG
MRI TRADING AG is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group AG of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing, Shanghai, Santiago do Chile, Lima, Lubumbashi - DRC, Johannesburg, New Delhi and Brisbane.

About TVI Pacific Inc. (TSX: TVI)
TVI Pacific Inc. is a publicly traded Canadian mining company focused on exploring for, developing and producing precious and base metals within district-scale systems in the Philippines. For further details please also visit TVI Pacific Website at www.tvipacific.com

For further information on this announcement please contact the Head Copper Trader at MRI Trading AG on +41 41 728 28 00.

Zug, April 7th, 2009

Gibraltar Mine Ltd (part of Taseko Mines Limited (TSX: TKO; AMEX: TGB)) and MRI TRADING AG - 3 Years U$D30mio Pre-Export Finance Facility. (PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that a 3 Years U$D30mio Pre-Export Finance Facility has been arranged by Credit Suisse, Zurich and MRI TRADING AG with Credit Suisse, Zurich as sole Lender in relation to the offtake contract entered between MRI TRADING AG and Gibraltar Mine Ltd. The legal documentation was drafted by Lovells - London as legal counsellor for Credit Suisse, reviewed by Watson, Farley & Williams - London as legal counsellor for MRI TRADING AG and reviewed by Lang Michener as legal counsellor for Taseko / Gibraltar.

Colin Hunter and Flavia Sennhauser of Credit Suisse Export & Structured Trade Finance Zurich commented "This transaction shows that despite the current market conditions a well structured transaction can still be executed. We would like to thank Taseko/Gibraltar and MRI for their positive and professional attitude. "

Axel Krueger, Project and Structured Finance of MRI TRADING AG stated, "We have been very pleased with Credit Suisse positive attitude all the way through this transaction despite the current banking environment which remains tight for financing risk performance related transaction. This shows that close partnership between all parties is the key to the success of such deal."

For further details please visit Taseko Mines Website at www.tasekomines.com

About MRI TRADING AG
MRI TRADING is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI TRADING AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 7th January 2009

CARMEN COPPER CORP. MAKES FIRST SHIPMENT OF COPPER CONCENTRATES TO MRI TRADING AG UNDER THE OFF-TAKE AGREEMENT (PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has taken delivery of its first shipment of copper concentrate extracted from the Toledo Mine in the Philippines.

About MRI TRADING AG
MRI TRADING AG is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group AG of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing, Shanghai, Santiago do Chile, Lima, Lubumbashi - DRC, Johannesburg, New Delhi and Brisbane.

About Carmen Copper Corporation
Carmen Copper Corporation (CCC) is 65.53% owned by Atlas Consolidated Mining and Development Corporation (Atlas) and 34.47% owned by the Crescent Asian Special Opportunities Portfolio (CASOP). CCC has exclusive operating rights over the in-situ mineral resources and ore reserves of Carmen, Lutopan and Biga, collectively known as Toledo Copper Mines. For further details please also visit their Website at www.atlasphilippines.com

For further information on this announcement please contact the Head Copper Trader at MRI Trading AG on +41 41 728 28 00.

Zug, 7th January 2009

MRI TRADING AG AND ANGUS & ROSS SIGN FOR BLACK ANGEL CONCENTRATES AN OFF-TAKE AGREEMENT AND WORKING CAPITAL FINANCE AGREEMENT (PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into life of mine off-take agreement with Angus & Ross for the purchase of its expected production of zinc and lead concentrates from its Black Angel mine in Greenland. The selling price will be based on the LME Settlement Price, as published in the Metal Bulletin, and adjusted for treatment charges, with appropriate penalties and premiums.
Ashwath Mehra CEO and Mark Forsyth Head Trader commented:
"The signing of this agreement with August & Ross is interesting as both companies are brining to each other added value to their respective needs being that Angus &Ross to produce a high quality concentrate that MRI TRADING AG can achieve a premium value of the Black Angel concentrate. MRI TRADING AG has also agreed to provide working capital finance, through the pre-selling of concentrate, before shipment, at a very competitive interest rate. We are looking forward to the starting of this contract.”

About Angus & Ross Plc:
Angus & Ross is an exploration and mining company registered in the United Kingdom and listed on the AIM market of the London Stock Exchange. Its main projects are in Greenland, and it has further interests in Brazil and Australia.

For further details please also visit their website at www.angusandross.com

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

 

Zug, 11th November 2008

MRI TRADING AG AND TVI PACIFIC SIGN A FIVE YEAR OFF-TAKE AGREEMENT (PDF Print Version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into a five-year off-take agreement with TVI Pacific Inc. (TSX: TVI) Philippine affiliate, TVI Resource Development (Phils.) Inc. (“TVIRD”). MRI TRADING AG has agreed to purchase all the copper concentrates produced from TVI Sulphide Project at the Canatuan mine and TVIRD has agreed to sell all copper concentrate production from the Canatuan mine exclusively to MRI TRADING AG. Construction of the Sulphide Project at Canatuan is nearing completion and start-up of mining and processing activities is scheduled for mid-November, 2008.

The off-take agreement also provides for payments to TVIRD on account of silver and gold, to the extent that nontrivial amounts of such metals are included in the copper concentrates purchased by MRI TRADING AG. Copper concentrates produced at Canatuan are scheduled to be available for shipment starting in early 2009.

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further details please also visit TVI Pacific Website at www.tvipacific.com

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 9th October 2008

RESTRUCTURE OF RIO TINTO PROJECT ACQUISITION ARRANGEMENTS WITH EMED - APPOINTMENT OF DIRECTOR - MR MEHRA (PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that further to its previous announcement in relation to the restructure of the Rio Tinto Mine acquisition arrangements with the MRI Group, EMED Mining Public Limited (“EMED Mining”) made on 1st October 2008, that the Chief Executive Officer of the MRI Group, Ashwath Mehra, has now been formally appointed to the EMED Mining’s Board of Directors as a Non-Executive Director. As set out in recent announcements, MRI Group now holds 13.1% of the issued ordinary share capital of the Company. Mr Mehra (Age 43) holds a BSc (Econ) from the London School of Economics and is currently the CEO of the MRI Group, which consists of Marc Rich + Co. Investment AG and its various subsidiaries.

About EMED MINING
EMED Mining was admitted to trading on AIM in May 2005 following a placing of its shares, and its share market capitalisation has since grown from approximately £4 million to approximately £38 million. The company is based in Cyprus and has a strong commitment to responsible development of metal production operations in Europe, with an initial focus on copper and gold.

For further information on the Company’s activities, visit www.emed-mining.com or www.emed.tv

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 1st October 2008

RESTRUCTURE OF RIO TINTO PROJECT ACQUISITION ARRANGEMENTS WITH EMED IN RELATION TO THE OWNERSHIP AND ACQUISITION STRUCTURE OF PROYECTO RIO TINTO (PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into various arrangements with EMED Mining Public Limited (“EMED Mining”) and its subsidiaries (the “EMED Group”) in relation to the ownership and acquisition structure of Proyecto Rio Tinto (“the Rio Tinto Mine”) (here below jointly referred as “EMED”).

As part of the arrangements between the parties, EMED Mining has completed the acquisition of the remaining 49 per cent of EMED Tartessus SL (“EMED Tartessus”), the owner of the Rio Tinto Mine. As a result of the acquisition EMED now owns 100 per cent of EMED Tartessus and is beneficial owner of 100 per cent of the Rio Tinto Mine. Whilst the main payment obligations will remain conditional on the receipt of mine restart approvals from the regulatory authorities in Andalucia, the company shareholder approvals and the drawdown of financing facilities, the restructured arrangements are expected to greatly improve the ability of the EMED Group to obtain such required approvals.

As consideration, the Company has agreed to issue 39,140,000 ordinary shares (“Consideration Shares”) to MRI Investment AG (a member of the MRI Group). In addition it has been agreed that a further consideration of up to €43,883,382.70 (£35,018,938) may be payable to members of the MRI Group, assuming certain milestones in relation to the Rio Tinto Mine are achieved. EMED has also acquired the benefit of certain loans owed to members of the MRI Group which were incurred in relation to the operation of the Rio Tinto Mine amounting to €9,116,617.30 (£7,275,060). These loans have been acquired at their face value, such consideration to be paid once certain milestones in relation to the Rio Tinto Mine have been achieved. In addition, a subsidiary of EMED has entered into an Agency Agreement with a member of the MRI Group, MRI Trading AG, in relation to the appointment of MRI Trading AG as the marketing and sales agent in relation to sale of copper-concentrate product from the Rio Tinto Mine. It is anticipated that the Chief Executive Officer of the MRI Group, Ashwath Mehra, will join the EMED’s Board of Directors as a Non-Executive Director shortly, and a separate announcement will be made when this occurs.

Following the transaction announced today, the shareholders of EMED Mining are as follows (the figures in brackets are on a fully-diluted basis):

 Management and Board 10% (20%)
 Resources Capital Funds 13% (11%)
 MRI Group 16% (14%)
 Oz Minerals (formerly Oxiana) 10% (8%)
 Fidelity International 5% (4%)
 Altima 4% (3%)
 RMB Australia Holdings 4% (4%)

EMED now has a total of 239,692,911 shares in issue (276,762,765 fully-diluted).

About EMED
EMED Mining was admitted to trading on AIM in May 2005 following a placing of its shares, and its share market capitalisation has since grown from approximately £4 million to approximately £38 million. The company is based in Cyprus and has a strong commitment to responsible development of metal production operations in Europe, with an initial focus on copper and gold.

For further information on the Company’s activities, visit www.emed-mining.com or www.emed.tv

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 21st April 2008

MRI TRADING AG AND BUFFALO GOLD ENTER INTO A SECOND OFFTAKE CONTRACT (PDF Print Version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into a second off-take agreement with Buffalo Gold Ltd. (TSX-V: BUF; OTC\BB: BYBUF; FWB: B4K) to purchase gold and copper concentrate produced at the Furtei Mine in Sardinia. The contract covers up to 14,500 tonnes to be produced in 2009. This includes all of the expected production of gold-copper concentrate for 2009 based on estimates from the mine plan which is currently undergoing final development.

About Buffalo Gold
Buffalo's vision is to build shareholder value by growing a gold mining company through a combination of exploration and acquisition. The Company became a gold producer in November 2007 with the acquisition of the Furtei mine, and is exploring projects in Sardinia, PNG and Australia.

For further details please also visit their website at www.buffalogold.ca

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

Zug, Mon April 21, 2008

Taseko – Gibraltar Mine and MRI TRADING AG sign Six-Year, Fixed-Rate Treatment and Refining Agreement (PDF Print version)

April 21, 2008, Zug, Switzerland -- MRI Trading AG, a Swiss-based metal trading house is pleased to announce that it has entered into a six-year agreement with Taseko Mines Limited (TSX: TKO; AMEX: TGB), for the treatment and refining of Gibraltar copper concentrate. Under the terms of the agreement, Taseko has secured long-term, fixed, low cost rates for processing six years of Gibraltar mine production, or approximately 1.1 million tons of copper concentrate production, into copper metal.

Ashwath Mehra, CEO of MRI TRADING AG stated, "The finalization of this new agreement is important for us and we are very pleased with the outcome."

For further details please visit Taseko Mines Website at www.tasekomines.com

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI TRADING AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 4th February 2008

MRI TRADING AG AND REDCORP VENTURES LTD. SIGNS MEMORANDUM OF UNDERSTANDING FOR THE SALE OF GOVERNING THE TERMS OF SALES AGREEMENTS FOR ALL OF THE PROPOSED PRODUCTION OF ZINC, COPPER AND LEAD CONCENTRATES FROM THE TULSEQUAH CHIEF MINE, NORTHWEST BC (PDF Print Version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into a Memorandums of Understanding (“MOU”) with Redcorp Ventures Ltd. (TSX:RDV), governing the terms of sales agreements for all of the proposed production of zinc, copper and lead concentrates from the Tulsequah Chief Mine, northwest BC. In addition the MOU includes indicative terms for a provision of a contingent credit facility of CAN$25 million for the Tulsequah Chief Mine construction and working capital, subject to certain terms and conditions.

About Tulsequah Chief Mine Project
The Tulsequah Chief Mine project is owned by Redfern Resources Ltd., a wholly-owned subsidiary of Redcorp. The project entails the development of a 2000 tpd underground mine and milling operation producing approximately 125,000 tonnes per annum of zinc, copper and lead concentrates with very significant gold and silver credits. Located in northwest BC the mine is currently under development with construction in progress on site infrastructure including a new airstrip and site connecting roads.

About Redcorp
Redcorp Ventures Ltd. is a Vancouver based mineral exploration and development company with active projects in British Columbia, Canada and Portugal. For further details please also visit their website at www.redcorp-ventures.com and Redfern’s website at www.redfern.bc.ca

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 31st January 2008

MRI TRADING AG AND Caledonia Mining SIGN A MARKETING AGREEMENT (PDF Print Version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has been appointed as agent by Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) for Caledonia Nama Limited, excluding China and Taiwan which is handled by Pan Asian Oasis Inc., for the marketing and administration of long term cobalt hydroxide off-take agreements.
Pan Asian Oasis Inc. has for the past few years been active in assisting major refineries and companies in China and Taiwan with securing long term strategic supplies of cobalt, copper and other non-ferrous metals.

For further details please also visit their website at www.caledoniamining.com

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

Zug, 25 January 2008

MRI TRADING AG AND AFRICAN COPPER FINALIZES OFFTAKE AGREEMENT FOR MOWANA CONCENTRATES AND AT THE SAME TIME COMPLETE A PRIVATE PLACEMENT AGAINST A 5% HOLDING IN AFRICAN COPPER.
(PDF Print version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into a an off-take agreement with African Copper PLC (TSX:ACU)(AIM:ACU)(BOTSWANA:AFRICAN COPPER) which has a duration of 5 years renewable and covers 100% of all copper products shipped from the Mowana Mine in north-eastern Botswana. At the same time, MRI TRADING AG is pleased to announce that it has decided to complete a private placement for 5% stake holding in African Copper.

About African Copper
African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international exploration and development company. The Company is currently developing the Mowana Mine at the Dukwe Project in Botswana, southern Africa, and anticipates copper production in the first half of 2008 at an annualized rate of about 40 million pounds of copper in concentrate per year. The Company's other interests are the 3,000sq km Matsitama exploration concession adjacent to the Mowana Mine property, which contains two known copper deposits and numerous base metal exploration targets. Prior to the MRI private placement African Copper has approximately 139.6 million ordinary shares outstanding.

For further details please also visit their website at www.africancopper.com

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG

 

Zug, 27th June 2007

MRI TRADING AG AND ACADIAN GOLD SIGNS MOU FOR THE SALE OF ZINC AND LEAD (PDF Print Version)

MRI TRADING AG, a Swiss-based metal trading house is pleased to announce that it has entered into a Memorandums of Understanding with Acadian Gold Corporation (ADA-TSX-V) ”), for the sale of the zinc and lead concentrate production from Acadian Gold’s Scotia Mine in Nova Scotia. The MOU specify the principal commercial terms to be incorporated into definitive legally binding contracts for Scotia Mine production from start-up to December 31, 2008. The contracts will also include an opportunity to continue the arrangements for a further two years, to December 31, 2010, should the parties agree in late 2008 to principal terms governing production for this period. The definitive contracts are expected to be finalized and executed shortly. The MOU provides that MRI will purchase 8,000 – 10,000 wet tonnes of zinc concentrate in 2007 and 15,000 to 18,000 tonnes in 2008. These sales represent 100% of expected production from the Scotia Mine for these periods.

For further details please also visit their website at
http://am.atlanticwebfitters.net/Home

About MRI TRADING AG
MRI Trading is a top-tier trader of concentrates and other non-ferrous raw materials. It is part of the MRI Group of companies, a leading investment and trading group in the commodities arena. The Group has a global presence through its offices in Beijing and Shanghai, Santiago do Chile, Lubumbashi - DRC, Johannesburg, New Delhi, and Brisbane.

For further information on this announcement please contact the Head Trader at MRI Trading AG on +41 41 728 28 20.

MRI TRADING AG