September 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Mercator Minerals, Ltd. (TSX: ML) (OTC: MLKKF) said that its Bluefish Energy Corp. subsidiary has entered into a contract to purchase a LM6000 PF Sprint Gas Turbine from GE Packaged Power, Inc. The turbine will supply power for Phase II at the firm’s Mineral Park project and is scheduled for delivery at the end of November 2010.

According to Mercator, the gas turbine has a design capacity of 35 MW against the overall requirements of the Phase II operation at 50,000 tons per day of 57 MW. Mineral Park currently purchases around 25 MW from the grid. The turbine is scheduled to be fully operational by the end of the first quarter of 2011.

Bluefish has executed a committed term sheet with Trafigura AG to provide the equipment financing on a non recourse basis, secured by its assets, in the amount of US$21 million over a term of seven years.

Concurrent with Bluefish securing the financing for the purchase of the gas turbine, Mineral Park has entered into a long term off-take contract with Trafigura for annual volumes of 70,000 dry metric tons of copper concentrate over a term of seven years. Delivery conditions will provide material savings on freight, smelting and refining costs when sold to domestic outlets.

Canada-based Mercator Minerals is a mining company that has brought a mill expansion at the Mineral Park Mine, a copper-moly mining-milling operation in North America, to production.

Mercator management is focused on maximizing profits at the Mineral Park Mine and the development of the El Pilar copper project in Mexico.

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