Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
MBMI Announces Favourable Philippines Court Decision

RICHMOND HILL, ONTARIO -- (Marketwire) -- 02/04/13 -- MBMI Resources Inc. ("MBMI" or the "Company") (TSX VENTURE:MBR) is pleased to provide an update as to the progress of certain legal proceedings involving the Company's subsidiaries in the Philippines. The (Former) Tenth Division of the Court of Appeals in Manila issued, on January 22, 2013, a resolution (the "Resolution") in C.A. G.R. SP No. 113523 denying Motion for Reconsideration filed by Redmont Consolidated Mines Corporation ("Redmont").

This is one of the several cases involving Redmont and the Company's subsidiaries and affiliates in the Philippines. In these cases, Redmont repeatedly argues that these affiliates and subsidiaries are not Philippine nationals, and are therefore disqualified from engaging in mining activities in the Philippines. The Court of Appeals' Resolution declined to discuss that issue, because it is pending before the Supreme Court. The Court of Appeals, however, dismissed this particular Redmont case based mainly on a finding that Redmont had engaged in forum shopping (i.e., suing on the same cause of action before multiple tribunals, which is prohibited under Philippine law).

On August 14, 2008, Redmont had filed a Complaint for Revocation with the Compliance and Enforcement Division of the Philippines' Securities and Exchange Commission ("SEC-CED") of the Philippines requesting that the certificates of registration of the following companies be revoked: (1) Narra Nickel Mining and Development, Inc. (2) Tesoro Mining and Development, Inc., (3) McArthur Mining, Inc., (4) Sara Marie Mining, Inc., (5) Patricia Louise Mining and Development Corporation, (6) Madridejos Mining Corporation together, (7) Bethlehem Nickel Corporation and (8) San Juanico Nickel Corporation (the "Respondent Corporations"). Redmont argued that the Respondent Corporations violated constitutional and statutory restrictions on foreign ownership of corporations engaged in the exploitation, development and utilization of natural resources.

On September 3, 2009, the SEC-CED ruled that all Respondent Corporations are Philippine nationals as defined under Section 3 of the Foreign Investments Act of 1991. Redmont thus appealed the SEC-CED Decision to the SEC En Banc.

On March 25, 2010, the SEC En Banc ruled that Redmont was engaging in forum shopping because the issues then pending with the Court of Appeals in CA G.R. SP No. 109703 (now pending with the Supreme Court in SC G.R. No. 195580) with regard to Narra Nickel Mining, Tesoro Mining and McArthur Mining are the same as the issues before the SEC En Banc. Thus, the SEC En Banc dismissed the case as to the three mining companies without prejudice, but ruled that the case against Sara Marie Mining, Madridejos Mining, Patricia Louise Mining, San Juanico Nickel and Bethlehem Nickel (the "Remanded Respondent Corporations") should be remanded for more information and further proceedings.

On April 29, 2010, the Remanding Respondent Corporations filed their Petition for Review with the Court of Appeals, arguing that the SEC En Banc erred when it dismissed the complaint without prejudice against some but not all Respondent Corporations.

On May 23, 2012, the Court of Appeals reversed the SEC En Banc's Decision, and sided with the Remaining Respondent Corporations by granting the Petition for Review and dismissing the case with prejudice, due to Redmont's forum shopping. The result of this decision is that Redmont's request in the original SEC-CED case was therefore denied. This was the subject matter of the Motion for Reconsideration of Redmont.

In its decision of January 22, 2013, the Court of Appeals denied Redmont's Motion for Reconsideration on the reasoning that the SEC En Banc erred when it did not order the dismissal of the cases filed by Redmont against all the Respondent Corporations. Redmont has fifteen days from receipt of the decision to appeal to the Supreme Court of the Philippines.

Although the Court of Appeals did not rule upon the issue of Remanded Respondent Corporations' nationality, MBMI believes that its arguments on this matter are strong and should be ultimately upheld.

For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com.

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:
MBMI Resources Inc.
John Wong
President and CEO
905-886-3888
mbmi@mail.com
www.mbmiresources.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest AJAXWorld RIA Stories
At the beginning of the book the authors say they created this book to be used in a classroom setting. I agree that it is a great book for the classroom, but I would also recommend it to anyone who wants to learn about the current Agile methodologies. It does what the title of th...
As an enterprise and software architect the one thing I hate most about my job is documentation, yet the importance of doing documentation on sizable projects is what I find myself preaching about the most. One reason I understand the importance of documentation is that I came f...
The premiere issue of the Internet of @ThingsExpo Newsletter contains highlights of the hottest sessions and speakers from Internet of @ThingsExpo, Call for Papers information, and sponsorship opportunities.
“At Cloud Expo in NYC last week I sat in on the Internet of Things power panel and then presented about how to monetize the Internet of Things. The room was packed, standing room only and I stuck around for a full 30 minutes afterwards answering questions before I had to tear mys...
Express Logic, Inc., the worldwide leader in royalty-free real-time operating systems (RTOSes), introduces X-Ware™, an integrated, optimized, comprehensive middleware solution that provides a solid foundation for Internet of Things (IoT) development. X-Ware consists of Express Lo...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE