Orosur Mining and Gladiator Resources

 - An Option and JV agreement for potential deposits (Uruguay).
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Orosur Mining Inc. (TSX-V: OMI, LON: OMI), a gold producer and explorer has an option and joint venture agreement with Gladiator Resources Ltd (ASX: GLA completed).

GLA now has the right to earn up to 80%, at Orosur's iron ore, manganese ore and base metal potential deposits in the "Isla Cristalina" belt in Uruguay.

Orosur CEO David Fowler said: "Gladiator Resources' first due diligence on the Isla Cristalina iron project confirmed the potential for the development of an iron-making operation."

Drilling and feasibility work is expected to begin this month he said.

Orosur will not invest additional funds to the project until the end of the feasibility study. We look forward to the results of the work in the coming years, "said Mr Fowler.

The group has reported the option agreement in January (2010).

In May, it was announced that GLA will exercise the option.

The agreement has now been carried out, and GLA will issue shares with a market value of A $ 100,000 at Orosur.

GLA will earn a 20% interest in the equipment, by the expenditure of $ 1,000,000. This is for work.
 
GLA can earn an additional 31% by expending a further U.S. $ 4,000,000 (for a share of 51%).

It can earn a further 29% if a feasibility study (to the bank submission) produced on or before 31 December 2015.

Orosur will retain the mineral rights to gold, silver and diamonds within the project area.

Orosur focuses on the identification and development of gold projects in South America. It operates the only producing gold mine in Uruguay, San Gregorio. It has collected a portfolio of quality exploration assets in Uruguay and Chile.

ferro manganese markets

On the demand side, exporters and strategic planners approaching the market in the Middle East face a number of questions. Which countries are supplying ferro manganese with over 2% carbon by weight to the Middle East? What is the dollar value of these imports? How much do the imports of ferro manganese with over 2% carbon by weight vary from one country to another in the Middle East? Do exporters serving the market in the Middle East have similar market shares across the importing countries? On the supply side, the Middle East also sells to the international market of ferro manganese with over 2% carbon by weight. Which countries in the Middle East supply the most exports of ferro manganese with over 2% carbon by weight? Which countries are buying their exports? What is the value of these exports and which countries are the largest buyers? Where is ferro manganese wanted.

This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for ferro manganese with over 2% carbon by weight in the Middle East. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for ferro manganese with over 2% carbon by weight for those countries serving the Middle East via exports or supplying from the Middle East via imports. We do so for the current year based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where the Middle East fits into the world market for imported and exported ferro manganese with over 2% carbon by weight. The total level of imports and exports on a worldwide basis, and those for the Middle East in particular, is based on a model which aggregates across over 150 key country markets and

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