- Business
- Malaga Inc. Malaga Inc. (MLGAF) engages in the acquisition, exploration, development, and mining of mineral properties primarily in Peru; it holds 100% interest in the Pasto Bueno tungsten mine, comprising 33 concessions covering approximately 690 hectares in northern Peru, where it extracts and processes tungsten ore along with byproduct copper and gold. The company, formerly known as Dynacor Mines Inc., changed its name in May 2007 and was incorporated in 1983 with headquarters in Montreal, Canada. Through its wholly-owned subsidiary Dynacor Exploraciones Del Peru S.A., Malaga Inc. operates the Pasto Bueno process plant, which has historically supported tungsten concentrate production and exploration activities focused on higher-grade mineral zones. As of June 6, 2013, Malaga Inc. remains in reorganization proceedings, with the Pasto Bueno mine placed on care and maintenance following operational challenges including a power-related accident, rising costs, and financing constraints; no recent restarts, acquisitions, partnerships, or strategic shifts have been reported in 2024 or 2025, reflecting ongoing efforts to secure capital for development and efficiency improvements.