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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
South China | LSE:SCR | London | Ordinary Share | GB00B0704D34 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.48 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3678X South China Resources PLC 29 May 2007 South China Resources plc ("the Company") Withdrawal from Danfeng Joint Venture South China Resources plc today announces it has decided to terminate its involvement in the Danfeng Project ("the Project") and the Joint Venture Company established to develop the Project, the Shang Lou City Zhongbei Minerals and Mining Development Company Ltd. Although exploratory drilling conducted over the last 18 months has largely confirmed the presence of copper mineralisation, further to continued analysis of the drilling to date, the Board believes that the Project unfortunately does not meet the development criteria of the Company in terms of potential scale and projected returns on a fully risked basis. The Company is however continuing to make positive progress with respect to advancing all its other business activities in Tibet and elsewhere in China. The Company will update the market on its current activities and any other future investments as and when they are contractually finalised. For further information, please contact: South China Resources Parkgreen Communications Alastair Clayton Cathy Malins/ Annabel Leather +44 20 7292 9110 +44 20 7851 7480 Nabarro Wells & Co. Limited Hugh Oram +44 20 7710 7400 This information is provided by RNS The company news service from the London Stock Exchange END MSCDGGZKDLDGNZM
1 Year South China Resources Chart |
1 Month South China Resources Chart |
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