Important to realise that the recent news about changes in the mining sector is all in the neighbouring country(Democratic Republic of the Congo) and the Republic of the Congo continues to be a great place to invest and prosper.
By the way, remember that potash is not this companies only asset.
MAGINDUSTRIES COMMENTS ON PRESIDENTIAL ELECTION AND NEW GOVERNMENT IN THE REPUBLIC OF THE CONGO MagIndustries Corp. (“MagIndustries” or the “Company”) is pleased to note that following an orderly democratic Presidential election held on July 12, 2009 which returned his Excellency Mr. Denis SASSOUS NGUESSO as President of the Republic of Congo for a further 7 year mandate, the new Government of the Republic of the Congo was announced this week. The Company wishes to congratulate the President and the new Government members on achieving their positions and the Congolese people for their commitment to the democratic process. A key member of the previous government from the standpoint of MagIndustries, Minister Pierre Oba, retains the portfolio of Mines and Mining Industries, providing continuity as the Company progresses on the implementation of its projects in the ROC, notably the Kouilou Potash Project. Of equal note, Minister Henri Djombo, in addition to the Forestry portfolio, which he managed in the last government, will also be Minister of Sustainable Development and Environment, providing valued continuity to the Company as it expands its forestry business and manages its environmental responsibilities. About MagIndustries Corp. MagIndustries is a Canadian company whose common shares are listed on the TSX‐Venture Exchange and trades in Canadian currency under the symbol "MAA". The Company has 359,852,462 shares outstanding on an undiluted basis. MagIndustries' resource subsidiaries are operating and developing major industrial projects in the Republic of Congo and the Democratic Republic of Congo. More information on the Company is available at its website, www.magindustries.com. For further information contact: Mr. Rich Morrow EVP & Director Corp. Development P: 416‐368‐7911 Email: rmorrow@magindustries.com
