Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.

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Cantex Mine Development Corp

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Post by piper10on Jun 28, 2009 12:23pm

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Post# 16104159

2nd Phase signed WB & Yemen

Another step forward in securing international support of mining in Yemen. A positive for Anglogold, Cantex, Thani ,Vale and ZincOx

P10

2nd phase of mining improvement in Yemen signed

[28 June 2009]

CAIRO, June 28 (Saba) - The 2nd phase of mining environment improvement project in Yemen was signed in the Egypt's capital, Cairo, on Sunday between Yemen Geological Survey and Mineral Resources Board (YGSMRB) and World Bank.

The 2nd phase of the project aims at creating effective coordination between the companies working in mining sector in Yemen and the local societies surrounding the companies' locations to make attractive investment environment.

The 2nd phase includes giving those societies the expected rights from such investments like work opportunities and infrastructure improvement.

The agreement was signed by YGSMRB Chairman Ismail al-Ganad and WB's Senior Operations Manager for Middle East and North Africa Frank Sader.

The first phase of this project included upgrading the regulating legislations of mining in Yemen to suite the global legislations.

BA/AF
Saba