besalco, page-4

Thats a lot of zero's...

07-11-2008 stoppage FISH IN MINE THE JAPANESE
We report that as of this date, November 7 of 2008, Machinery Besalco SA has been forced to stop operations at the mine The Japanese, due to lack of payment for services rendered.

now known as Iron Vallenar, a Besalco Machinery owed more than $ 950,000,000 in past due bills, for the production of September this year, and more than $ 1.157.937.331 .- services also charged, for the production of October 2008, amounts that have not been paid or guaranteed payment, in any way.

It is reported that Besalco Machinery is ready to resume operations once Santa Barbara pay all amounts due, as well as all costs related to the present stalemate and those necessary for the resumption of operations. Clarifies that this is the second stop of this year, because of no payment for services rendered.

Is that this is the Machinery Besalco current with all its obligations towards its staff, its contractors and their suppliers.

The differences between Besalco Machinery and Santa Barbara are subject to the understanding and resolution of Mr. Arbitro don Juan Eduardo Palma Jara. Referee Don Juan Eduardo Palma Jara.