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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Toledo Copper | LSE:TCU | London | Ordinary Share | GB00B00K3B10 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3006D Toledo Copper Corporation PLC 24 September 2004 24 September 2004 TOLEDO COPPER CORPORATION PLC The Directors of Toledo Copper Corporation plc (AIM: "TCU") wish to advise on progress of the Berong nickel project on the island of Palawan, Philippines. A number of pre-feasibility and feasibility studies have been carried out by the majority owners in past years and have outlined a total resource, at a cut off grade of 0.9% Ni for limonite and 0.9% for saprolite, of 275 million tonnes at a grade of 1.3% Ni and 0.074% Co. Contained nickel is 3.6 million tonnes. Included in the above resource based on CIM Resource/Reserve definitions, Canadian consultants Rescan and Nilsson estimated measured, indicated and inferred resources of 2.117 million tonnes of 2.26% Ni at a cut-off grade of 2.0% Ni. A mining plan is currently being developed in this direct shipping ore resource, which has potential to be enlarged. A sales contract has been signed with a Japanese trading company for 250,000 dry tonnes of direct shipping saprolite ore per year. In addition, discussions are continuing with a second trading company for a future contract of a similar quantity with the object of a steady build up to a mining rate of 700,000 wet tonnes per year, equivalent to 500,000 dry tonnes of direct shipping ore. The procurement of the necessary permits is progressing on schedule with considerable support from the various government units following the Philippine Government's declaration of major support to rehabilitate the mining industry to its former state as a major contributor to the economy. Chris Kyriakou Executive Chairman For further information contact: Annie Richards Toledo Copper Corporation plc Tel: 0870 010 6044 Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400 This information is provided by RNS The company news service from the London Stock Exchange END TSTKZLBLZKBEBBZ
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