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M2R:AU
Gidji JV Exploration Update
TVI Pacific Sends 35th Shipment of Copper Concentrate From Canatuan
May. 02, 2013 11:27AM PST
Resource Investing News TVI Pacific Inc. (TSX:TVI, OTCQX:TVIPF)announced that theirPhilippine operating affiliate, TVI Resource Development has sent out its 35th shipment of copper concentrate produced at the Canatuan
mine.
TVI Pacific Inc. (TSX:TVI, OTCQX:TVIPF)announced that theirPhilippine operating affiliate, TVI Resource Development has sent out its 35th shipment of copper concentrate produced at the Canatuan
mine.
As quoted in the press release:
The 35th shipment of 5,282 dmt of copper concentrate left the port of Santa Maria in Siocon, Zamboanga del Norte, in accordance with the off-take arrangement between TVIRD and MRI Trading AG (MRI) on April 27, 2013. TVIRD expects to earn gross revenue of approximately US$10.4 million from MRI for this shipment (pending final assay and price adjustments). Remaining in inventory is approximately 931 dmt of copper concentrate.
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