![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Van Dieman | LSE:VDM | London | Ordinary Share | GB00B03HFG82 | 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% | 0.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7120C Van Dieman Mines plc 23 August 2007 VAN DIEMAN MINES PLC AGM Statement Development approval for Central Concentrate Clean-up Plant received Michael Spriggs, Chairman, Van Dieman Mines plc ("Van Dieman" or "the Company"), the AIM listed mining company which is developing tin and sapphire mines in Tasmania, made the following comments at today's Annual General Meeting: "The year has been one of frustration as unexpected delays in the permitting procedure, the majority of which were outside the Company's control, have held up the project by almost 12 months. The Board fully understands the disappointment of the shareholders. However, I can assure them that their concerns have been listened to and that everything possible has been done to ensure that we can move quickly, now we finally have in place the permits relating to the Scotia mine. Final development approval was granted in June. "We have used the delay to refine the equipment in order to improve efficiency, to define better the parameters of the mine operation and to put in place marketing agreements for the tin, sapphires and spinel production. Further resource exploration has been carried out. "The local Dorset Council has now issued the development approval, which will enable the Central Concentrate Clean-up Plant to be commissioned and allow us to commence processing stockpiled bulk sample concentrates produced from the operation of the pilot plant. "Initial processing of these stockpiled concentrates over the next three months will enable the company to fine tune the clean-up circuit and will result in the production of an estimated 10 to 15 tonnes of tin and 6,000 to 10,000 carats of corundum. This material is expected to yield somewhere in the vicinity of 1,000 to 2,000 carats of sapphire. "All necessary plant and equipment has now been sourced, staff are in place and construction has commenced. "Permitting for the second mine, Endurance, is proceeding well and the mine should be in production in late 2008. "In line with the Company strategy as outlined at the time of the IPO and as stated in the latest Annual Report, the Company is considering undertaking a secondary fundraising in order to meet the commitments as outlined above. A further announcement will be made regarding this shortly. "We have also taken the opportunity to strengthen the Board. We have recently announced the appointment of two complementary Non-executive Directors, Mike Etheridge and Ron Goodman. Mike has excellent geological and technical qualifications and is also a proven businessman with plc Board level experience whilst Ron has a background in processing plant design and plant management. We are very pleased that both have agreed to join us and look forward to receiving their input." All resolutions proposed at today's Annual General Meeting were duly passed. 23 August 2007 ENQUIRIES: VAN DIEMAN MINES plc Tel: +61 (0) 2 8908 5103 Clive Trist, Managing Director Email: clive.trist@vandiemanmines.com BANKSIDE CONSULTANTS Tel: +44 (0) 20 7367 8888 Michael Padley / Libby Moss Background on Van Dieman (AIM: VDM) VDM is in the process of developing its alluvial tin, sapphire and accompanying mineral deposits in the northeast of Tasmania, Australia where it owns 15 exploration and retention licenses. Exploration and development planning consent is now complete for VDM's Scotia tin and sapphire mine which is scheduled to move to first production later this year. When in full production the Scotia Mine will produce annually an estimated 700 tonnes of tin and 1.5 million carats of mine rough gem quality sapphire. Thaisarco, the Thai tin smelter and refiner, has agreed to take the Company's entire expected tin concentrate output of 1,350-1,500 tonnes contained tin per year once both the Scotia and Endurance mines are in production. Agreements are also in place for the marketing of the sapphire and spinel production. This information is provided by RNS The company news service from the London Stock Exchange END AGMSEFFDDSWSEFA
1 Year Van Dieman Mines Chart |
1 Month Van Dieman Mines Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions