Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Metals Exploration PLC’s rehab works being verified

Metals Exploration PLC is continuing to work with the Mines and Geosciences Bureau (MGB) in the Philippines ahead of commercial operations at its Runruno mine in the Philippines.
Metals Exploration PLC’s rehab works being verified
"Once the MGB is satisfied and the partial suspension order lifted the Runruno project will complete ore commissioning and move into commercial operations shortly thereafter."

Metals Exploration PLC  (LON:MTL)  is continuing to work with the Mines and Geosciences Bureau (MGB) in the Philippines ahead of commercial operations at its Runruno mine in the Philippines.

Last year certain mine construction works were suspended while it dealt with impacts from Typhoon Lando (Koppu). It had to carry out rehabilitation and clean up works.

Today, Metals said the completed rehabilitation and enhancement works were being verified by the MGB.

"Once the MGB is satisfied and the partial suspension order lifted the Runruno project will complete ore commissioning and move into commercial operations shortly thereafter."

In January, the group said it had agreed a new debt repayment timetable with the financiers of the mine after first gold was delayed.

Shares were unchanged at 4.125p.

View full MTL profile View Profile

Metals Exploration Plc Timeline

Related Articles

Gold-plus-dollars.jpg
January 25 2017
Asante Gold is working up its portfolio of Ghanaian properties
drillrignewangle_58d3d28d41cb2.jpg
March 23 2017
There is no doubt we will have a resource upgrade, probably later in the year - chief executive Glen Parsons
1511347932_gold_bars,_sized.png
November 22 2017
Scotgold's rights issue will go a long way towards bringing in the funds to get Cononish into production

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use