Brexit wrecks it again
FTSE100 shares ended lower on Monday, weighed down by mounting concerns over a possible “Brexit” of the UK from the European Union in a referendum later this month
Company
LON:MTL
Metals Exploration Plc is a mineral resources exploration and development company. It 100% owns the Runruno Gold Project located north of the Philippines. Metals Exploration`s management strategy and corporate plan is to:provide shareholders with high capital growth potential, delivered by developing a mineral project into a world class mine.
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FTSE100 shares ended lower on Monday, weighed down by mounting concerns over a possible “Brexit” of the UK from the European Union in a referendum later this month
Investments and investor services
The FTSE 100 Index fell 51 points to 6065 after the Shanghai Composite closed lower
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The Footsie fell 15 points to 6101 after the Shanghai Composite closed lower
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The weekly round up of news and updates from the mining sector.
More than 400 permits have now been issued for the gold mine in the Philippines
Metals Ex can now commission the tailing discharge pipeline and the RSI and begin processing of ore and first production.
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The general meeting will take place on 22 April at the registered office in London.
The project has been blighted by various issues including repairs required following typhoon Lando
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.
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Junior mining stocks featured prominently on Tuesday
Investments and investor services
The FTSE 100 Index recovered to stand 9.65 points off at 5867 by lunchtime
Metals Ex borrowed US$75mln to build the mine and hopes to commission it in February