Direct Shipping Ore Update

 

TIDMRMLA 
 
RNS Number : 4291F 
Rusina Mining NL 
13 January 2010 
 

Wednesday 13th January, 2010 
RUSINA MINING NL (the "Company") 
DSO Update 
As reported in the most recent Quarterly Operations Report the Company has been 
in discussions with DMCI Mining Corporation over the possibility of resuming 
some selective shipments of nickel laterite ore from its Acoje tenement in the 
Zambales District on the island of Luzon, the Philippines. 
DMCI and the Company have now modified the existing Direct Shipping Ore (DSO) 
arrangement in relation to the mining and sale of nickel laterite ore at the 
project. In accordance with the terms of the modified arrangement, DMCI shall 
continue to be responsible for all mining, marketing, transport and capital 
costs of up to 200,000 tonnes high grade ore (>2%Ni) at a fixed operating cost 
whist providing a 50% share of profits to Rusina on a shipment by shipment 
basis. There is an agreed minimum profit before a shipment can take place. 
In addition, the modified arrangement includes a substantially reduced fixed 
incremental cost for lower grade ores, again on a minimum agreed profit on a 
ship by ship basis. This modified arrangement greatly reduces the risks to both 
DMCI and Rusina in the volatile DSO market whilst taking advantage of favourable 
marketing conditions as they arise. 
The Company expects that DMCI will be fully mobilised back to site by the end of 
this month. 
For further information please contact the undersigned or email 
[e-mail]. 
Enquiries to: 
Mr Mark Hanlon 
Chief Financial Officer 
Rusina Mining NL [phone] 
 
 
Roland Cornish 
Beaumont Cornish Limited      020 7628 3396 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCKKBDDPBKDQDD