for all new share holders the future with mhm

Hi there all new share holders of MHM welcome on board with us, not sure if you have read this about MHM or if you have done any research on MHM.

acquarie Harbor Mining Limited, wholly owned subsidiary Alreco Private Limited, has signed an agreement with American aluminium company Smelter Service Corporation to conduct a joint feasibility study for salt slag processing in the United States.

As part of this rapid US expansion MHM intends to raise USD 12,000,000 through the issuance of 12,000,000 new fully paid ordinary shares at USD 1.00 per share via a private placement to be managed by Bell Potter Securities Limited. The capital raising will help fund the feasibility study with SSC, the rapid expansion of the Company into the US market and for working capital.

Agreement with Smelter Service Corporation;
SSC is an aluminium company based in Tennessee has been recycling aluminium scrap and dross since 1978. SSC has continuously grown throughout the past 32 years currently operating 5 rotary melting furnaces in Mt Pleasant, Tennessee.

SSC provides 2000 pound aluminium ingots and molten metal to customers in a wide geographic range throughout the Southeast and Midwestern portions of the United States.

SSC produces approximately 90,000 tonnes of salt slag per annum and has 350,000 tonne single purpose salt slag landfill that may be suitable for reprocessing. SSC alone produces nearly four times the 25,000 tonnes per annum salt slag that the entire Australian secondary aluminium industry produces.

Alreco processes 100% of the salt slag that is produced in Australia and aims to achieve a similar outcome in the US and ultimately globally. Alreco and SSC have agreed to work together to conduct a feasibility study for both the SSC salt slag and landfill reclamation project and to assess regional potential to increase the processing capacity for the project.

More broadly the parties will also explore opportunities for salt slag processing in the US and discuss a potential partnership to capitalize on the 1,000,000 tonnes of salt slag produced each year.

The feasibility study will assess issues such as plant location, permitting, availability of grants and government concessions, regional salt slag production a comprehensive testing program of SSC�s salt slag production on an ongoing basis and availability for reclamation from landfill. The agreement also provides a framework for the parties to discuss a more general partnership to capitalize on the salt slag produced by other parties throughout the US.

The feasibility study is scheduled for completion by June 30th 2011. While Alreco does not necessarily need a local partner to capitalize on the opportunity for salt slag processing in the US, the Board is pursuing the commercial benefits that a partnership with a well respected American aluminium company could bring.

Alreco owns the exclusive global rights to the ALNAK technology, a new and innovative landfill free process for treating aluminium salt slag. Under the agreement signed with SSC, ownership of the technology would always remain with Alreco regardless of the final structure of any potential partnership between the parties.

The Board of Alreco stresses that the agreement with SSC is expected to be compatible with ongoing discussions with Alcoa. It is expected that outcomes with both parties would be complementary.

Australian operations are progressing well with MHM on track to earn an anticipated USD 230,000 EBITDA per month during the technology upgrade increasing to an anticipated USD 8.6 million EBITDA per annum when the upgrade is complete. While the economics of the potential SSC salt slag operation will be determined by the feasibility study, it is believed similar profit margins can be achieved. It should be noted that Alreco owns 100% of any international salt slag operations and does not have to share profits as it presently does in Australia.

There are a few things here that to me points to one thing with MHM with the last announcement today, they all have Tennessee in there minds.

# 1 SSC is an aluminium company based in Tennessee has been recycling aluminium scrap and dross since 1978. SSC has continuously grown throughout the past 32 years.

# 2 Tennessee State and local county officials express strong support for salt slag business expansion.

# 3 Pilot testing of the spent pot lining technology likely in Tennessee, due to the proactive and supportive approach of the State and local Governments

# 4 There were also continuing contract discussions for salt slag processing amd meeting State and local regulatory officials in Tennessee, who can assist in MHM developing salt slag processing facilities in the US.

# 5 It is believed that a number of additional sources of salt slag in the region may provide further feedstock,for what would become America's first closed-loop salt slag processing facility.

# 6 A number of large single-purpose (mono-fill) landfills have also been identified which are now earmarked for further investigation.

# 7 The big one Executive Director Ben Mead will relocate to Tennessee in January to drive expansion of salt slag business.

Now what does all this mean to MHM and to us the share holders, it means that the future for MHM is within the US as it has the companies and the backing of the state and local officials, that will bring all of our technology together.

In time I think that a US listing is on the cards, with opportunities for growth in the US and beyond to come our way.

Don't forget that Alcoa has publically stated that by 2015, the company intends to end landfilling of aluminium of salt slag throughout its global operations. Also Alcoa wants to be seen to be green in the eyes of the world!!

So to all new holders of MHM sit down and hold on for the ride of your life, we all want the same thing, we all want MHM to grow and become a TRUE BLUE BLUE CHIP COMPANY IN THE NEAR FUTURE.

Good luck to all that are going to the AGM enjoy the beers down there boys, lets all hope that the next AGM is in Hobart.


Good luck to all that hold MHM.
the technology we have is out of this world and soon to be around this world.