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12 /PRNewswire/ -- Atlas Consolidated Mining and Development Corporation (OTC Bulletin Board: ACMBB) ("Atlas") announced that it had signed a preliminary agreement with Astron Limited, a Malaysian-based, Australian-listed company which will lead to the re-opening of the Atlas-owned Carmen copper mine in Toledo City, Cebu in the Philippines.
25 miles southeast of the known Masbate Gold Operations of the former Atlas Consolidated Mining and Development Corporation in Aroroy, Masbate Island.
MANILA, Philippines, July 21 /PRNewswire/ -- Fifteen banks brokered a Settlement Agreement between Atlas Consolidated Mining and Development Corporation (AMEX: ACMB) and its foreign creditors to retire Atlas' debt amounting to US $104 Million.