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

picture of miners
September 04 2017
In August, the Aussie-listed group said production to June 2018 should be between 80,000-90,000 ounces of gold.
picture of mine
July 17 2017
Harry Adams, KEFI’s executive chairman, said a development funding approach was more appropriate for start-up purposes than bank debt
no_picture_pai.jpg
April 12 2017
Pan African hopes to be in production at Elikhulu in the final quarter of next year.

© 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