ICMI Intl. Cons. Min

    RNS Number : 0663A
  International Consolidated Min. Inc
  29 July 2008
   

    29 July 2008
    International Consolidated Minerals Inc
    ("ICMI" or the "Company")

    Director's Shareholding
    International Consolidated Minerals Inc. (AIM: ICMI) , the South American focused mineral exploration and development company, was
notified yesterday that The Millennium Global Special Situations Americas Fund Limited ("MGSSA"), purchased the following ordinary shares of
US$0.001 in the Company ("Ordinary Shares"):
 Date of acquisition  Ordinary Shares  Purchase Price
 24 July 2008         30,000           �1.75
 24 July 2008         15,000           �1.88
 25 July 2008         15,000           �1.905

    Mr Jesse Rodriguez, a director of the Company, is a director of Millennium Americas LLC and is a member of the investment committee of
MGSSA.  Following the purchases today, MGSSA holds 6,431,802 Ordinary Shares, representing 17.07 per cent of the issued ordinary share
capital of the Company.

    Enquiries:
 International Consolidated Minerals 
 Greg Smith      Chairman, CEO                        Tel: +44 (0)20 7808 4851
 Pawan Sharma    Executive Vice President -           Tel: +44 (0)20 7808 4851
                 Corporate Affairs
 Strand Partners Limited
 Simon Raggett                                        Tel: +44 (0)20 7409 3494
 Warren Pearce                                        Tel: +44 (0)20 7409 3494
 Pelham Public Relations
 Charles Vivian                                       Tel: +44 (0)20 7743 6672
 John McLeod                                          Tel: +44 (0)20 7743 7442

    ADDITIONAL INFORMATION ON INTERNATIONAL CONSOLIDATED MINERALS INC.
    International Consolidated Minerals Inc (AIM: ICMI) was formed in 2005 to pursue mineral exploration, development and production with
its initial attention in Latin America. ICMI's strategy is to focus on high-quality mining assets at an advanced stage of development. In
early 2006, ICMI acquired the Pachapaqui mining property in central Peru which contains appreciable high grade zinc, lead, copper, silver
and gold mineral reserves and resources. The property consists of 32 mining concessions of 2,105 hectares and one beneficiation concession
of 65 hectares on which is located mining infrastructure and equipment, hydro-electrical generating stations, offices and accommodations,
and concentrating plant facilities.  In 2007, while conducting upgrades of the facilities, ICMI embarked on a drilling and exploration
geology programme, initially in one area on the Pachapaqui property, from which the Company has had tremendous success and is confident of
proving up significant additional mineral reserves and resources.  The Company intends to bring the Pachapaqui Mine into production in 2009. Further information is available from the Company's
website at: http://www.icmi-inc.com.

    - END -

This information is provided by RNS
The company news service from the London Stock Exchange
 
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