2.4.0.8111 - Disclosure - Investmenttruefalsefalse1falsefalsefalseP01_01_2013To06_30_2013http://www.sec.gov/CIK0001163300duration2013-01-01T00:00:002013-06-30T00:00:001true1us-gaap_InvestmentsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2mbmi_InvestmentsTextBlockmbmi_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00 <table border="0" style="clear:both;width:100%; table-layout:fixed;"> <tr> <td></td> </tr> </table> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> <table style="clear:both;WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: top"> <td style="TEXT-ALIGN: justify; WIDTH: 0%"> <div><font style="FONT: 10pt Times New Roman, Times, Serif"><b> 4</b></font></div> </td> <td style="WIDTH: 5%"> <div><font style="FONT: 10pt Times New Roman, Times, Serif"><b> .</b></font></div> </td> <td style="TEXT-ALIGN: justify; WIDTH: 95%"> <div><font style="FONT: 10pt Times New Roman, Times, Serif"><b><u> Investment</u></b></font></div> </td> </tr> </table> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> On October 29, 2012, the Company, MAB-C, and WGB Kinsey & Company (“Kinsey”) entered into an Equity Exchange Agreement (“Equity Exchange Agreement”). In accordance with the Equity Exchange Agreement, the Company issued <font style=" FONT-SIZE: 10pt">5,000,000</font> shares of their common stock to Kinsey in exchange for a <font style=" FONT-SIZE: 10pt">25</font>% ownership for MAB-C in Kinsey. <font style=" ">Additionally, should the value of the 5,000,000 shares of common stock fail to be valued at $5,000,000 on December 31, 2013, the Company must issue additional shares of common stock to achieve that value for Kinsey.</font> The common shares issued have been valued at $<font style=" FONT-SIZE: 10pt">500,000</font>, as the price of MBMI common stock was trading at $<font style=" FONT-SIZE: 10pt">0.10</font> per share, and no valuation has been provided for Kinsey at this time.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Kinsey, based in Zimbabwe, Africa, has operated since 1955 in the mining and construction industry. They own their own mining equipment, including a fleet of articulated dump trucks, front and wheeled loaders, excavators, dozers and graders. With both open pit and open cast mining experience ranging from chrome to platinum to gold, they possess all the experience necessary to efficiently perform all the mining operations at the Dodge Mines.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The investment has been accounted for as an equity investment under ASC 323. In accordance with the ASC, the investment will be maintained at fair value, and increased or decreased based upon the net income or loss of Kinsey as well as any contributions made and dividends paid. The Company’s investment decreased $<font style=" FONT-SIZE: 10pt">144,158</font> as a result of the incremental loss of Kinsey for the six months ended June 30, 2013 at <font style=" FONT-SIZE: 10pt">25</font>% ownership by MAB-C.</div> </div> falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for investments.No definition available.false0falseInvestmentUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.Mabweminerals.com/role/Investment12