Ormonde Reports on Tungsten Concentrate Sales
Ormonde provided an update on tungsten concentrate sales by Saloro, the operator of the Barruecopardo tungsten mine in Salamanca, Spain.
Ormonde (LSE:ORM) provided an update on tungsten concentrate sales by Saloro, the operator of the Barruecopardo tungsten mine in Salamanca, Spain, in which Ormonde holds a 30 percent joint venture interest.
As quoted in the press release:
Michael Donoghue, Ormonde’s chairman and interim managing director, commented: “The completion of initial tungsten concentrate sales from the Barruecopardo Tungsten Mine to international buyers represents an important milestone for both Saloro and Ormonde. The commencement of related revenues is a positive for Saloro and the mine and these are expected to ramp-up as the transition into the main orebody continues over the coming period. “
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