Toledo Mining Corporation PLC Toledo Mining Corporation Plc :operations Report For The Berong Nickel Mine - Second Quarter 2013
16 Luglio 2013 - 8:00AM
UK Regulatory
TIDMTMC
Toledo Mining Corporation plc
("Toledo" or the "Company") (AIM:TMC)
Operations Report for the Berong Nickel Mine - Second Quarter 2013
Toledo Mining Corporation plc is pleased to update shareholders on the
operating activities of the Berong nickel mine for the quarter ended 30
June 2013.
Production of run-of-mine ore from Berong Nickel Corporation's ("BNC")
Berong nickel mine in this quarter was 229,196 wmt at an average grade
of 1.93% Ni.
During Q2 2013, the following shipments were completed.
M/V Josco Nanjing 48,500 wmt @ 1.70% Ni
M/V Hanjin Santana 55,000 wmt @ 1.8% Ni
M/V Bao Sheng 40,000 wmt @ 1.2% Ni (43% Fe)
M/V Lan Hai Sheng Hui 54,600 wmt @ 1.8% Ni
M/V Hanjin Santana 55,000 wmt @ 1.8% Ni
M/V Victoria VII 24,000 wmt @ 1.8% Ni
After the quarter end, the following shipment was completed:
M/V Jin Feng 53,800 wmt @ 1.8% Ni
As at 30 June 2013, total coastal stockpiles of all ore amounted to
193,320 wmt with an average grade of 1.41% Ni.
These seven shipments are forecast to generate revenue to BNC of
approximately US$SHYSHYSHY 11.47million and to yield approximately 3,827
tonnes of contained nickel.
For further information please visit www.toledomining.com or contact:
Victor Kolesnikov, CEO, Toledo Mining Corporation
+44 (0) 20 7290 3100
Katie Grinham, PR, Toledo Mining Corporation
+44 (0) 20 7290 3101
Richard Morrison/Jen Boorer, RFC Ambrian Limited
+44 (0) 20 3440 6800
Notes to Editors
The Berong mine is operated by the Berong Nickel Corporation, which is a
Joint Venture, with the following economic interests : Toledo Mining
Corporation (56.2%), Atlas Consolidated Mining and Development (25.2%)
and DMCI Mining (18.6%).
Definitions:
Run of Mine ( ROM ) : ore refers to the bulk ore which is produced in
the mine pit (s)
Wmt (Wet metric tonnes): weight of ore in tonnes including moisture
content.
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Toledo Mining Corporation PLC via Thomson Reuters ONE
HUG#1716517
http://www.toledomining.com/
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