AT - disclusure: Toledo copper mine

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The directors of Atlas Consolidated Mining and Development Corporation ("Atlas") are pleased to report that the $200 M rehabilitation of its copper mine in Cebu is progressing well and on schedule. The mid-2008 target of first production of copper concentrates for export is likewise on schedule, averaging 47,000 tonnes per year of contained copper for at least the next decade. Approximately 3,600 personnel have been hired by Atlas subsidiary, Carmen Copper Corporation ("CCC"), to work at its Toledo Copper Mine which is well advanced in its rehabilitation program. With skills still available at the Toledo mine, practically all the rehabilitation/construction activities are done in-house from the fabrication of the flotation cells at the processing plants to the repairs and reconstruction of the port facilities. Waste stripping at the South Lutopan Pit is ongoing, with materials moved averaging at 73,500 tons per day (TPD), exceeding the programmed waste stripping of 55,000 TPD. It is expected that ore will be exposed earlier than planned which ensures the availability of ore materials as soon as the concentrator is ready to process ore, most likely by July 2008 at an initial capacity of 20,000 TPD ramping up to its maximum capacity of 42,000 TPD by the 3rd quarter of 2009. The advance waste stripping mainly due to the acquisition of a new fleet of relatively large Komatsu surface mining equipment and the supervision of experienced open pit mine staff who worked at the same mine for decades. At the mine underground, preparatory works for the underground dewatering work is ongoing and well within schedule which include the repairs/reconditioning of the air compressors, hoisting facilities, transformers and power generating sets, shaft's structural steel works, and other. Ten (10) new submersible pumps are now at the time site ready for installation. Simultaneous major repair and reconstruction works are presently being done at the concentrator, port facilities, access roads and drainage systems, industrial and domestic water supply systems, assay and metallurgical laboratories and housing facilities. All these activities, including the construction of the new tailings disposal system which involves the driving of a 1.8 km tunnel, are expected to be completed by June 2008 as programmed. - Technistock/Citiseconline/PSE disclosure

AT = 13.25 (-1.9%)

AT formed a doji with increasing volume.

AT still respecting the aggressive demand line and seems to still be moving sideways.

Good luck to all AT traders!
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