MineCore Construction Division
MineCore's Construction Division supports the MineCore Exploration
Division for the exploration and development of precious gems
and metals. This division consists of heavy equipment and its
mission is to directly support the exploration and mining
efforts in Madagascar with equipment, and with experience in
obtaining government road and infrastructure construction
contracts. The bulk of all the overburden stripping work for
MineCore's mining concessions will be performed through McKenzie
Plant Hire (MPH). MPH has more than 100 pieces of heavy
equipment and a number of long-term contracts which would
include MineCore's MOU's for road and bridge building in
Madagascar.
McKenzie Plant Hire of South
Africa
McKenzie Plant Hire (MPH) of the Republic of
South Africa is a profitable entity. MineCore has a deposit for
the purchase of MPH with the shareholders of MPH in the form of
shares and cash of Robow Investments No. 156, a Republic of
South Africa Corporation. MineCore purchased MPH in 2003 with a
debt obligation. In Fiscal Year End 2005, the transaction was
unwound with the right of first refusal to acquire the assets of
MPH. The deposit is fully refundable to the Company and is in
the form of common voting shares, warrants and cash of the
MineCore. MPH has obtained a five-year dam building contract and
has other construction contracts in the Republic of South
Africa. Upon full funding for the Madagascar Sapphire Mining
Project, MineCore will exercise its option to purchase MPH.
