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.

Giles_55af4ddca6481.jpg
Why Invest In Metals Exploration Plc? Read More Here

Register here to be notified of future MTL Company articles
View full MTL profile

Metals Exploration Plc Timeline

Related Articles

Anglo Asian Mining cheering market as it travels road to profitability
July 15 2016
Shares are up around 245% since the end of January to stand at 18.125p as it advances the flagship Gedabek operation.
Glencore1.jpg
April 19 2016
In recent full year results, Gold Resource Corporation chief Jason Reid said for 2016 the miner was "preparing for the worst while hoping for the best".
Gold and dollars
August 09 2016
Acquiring the project, located near AngloGold Ashanti’s Obuasi mine, is seen as a “major step forward” - and it is a step that brings near-term development potential.

© Proactive Investors 2016

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.