mobin has been mining mehdiabad for impasco

A shareholder query on the UCL web site adds a new twist to the pronouncements that have been coming out of the Iranian press about Mehdiabad going into production.

A company called Mobin is/has been mining the oxides at present on behalf of IMPASCO apparently.

http://www.mobinco.com/en/projects/mehdi/

The answer about the situation being fluid in Iran suggests they don't wish to be committed to going to arbitration if there has been no significant progress by 31/3/08.