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TVI Pacific (TSX:TVI,OTCQX:TVIPF) together with its affiliate, TVI Resource Development (Phils.), Inc., has announced the loading of the first shipment of high-iron/low nickel direct shipping ore from its Agata project. The project is located in northern Mindanao in the Philippines. Loading is anticipated to take roughly 10 to 12 days to complete.
TVI Pacific (TSX:TVI,OTCQX:TVIPF) together with its affiliate, TVI Resource Development (Phils.), Inc., has announced the loading of the first shipment of high-iron/low nickel direct shipping ore from its Agata project. The project is located in northern Mindanao in the Philippines. Loading is anticipated to take roughly 10 to 12 days to complete.
As quoted in the press release:
The launch of the Agata DSO operation is the culmination of two years of mine development and permitting and confirms receipt by Agata Mining Ventures Inc. (“AMVI”), TVIRD’s operating subsidiary, of all required environmental, construction, operating and export permits for the project.
TVI is also pleased to announce that TVIRD has fulfilled its earn-in obligations under the Agata Mining Joint Venture agreement and has acquired a 60% interest in the Agata DSO project.
TVI Pacific chairman and CEO, Cliff James, said:
This is a momentous occasion as the Agata DSO operation marks TVIRD’s third successful mine launch in the Philippines in the past ten years. The achievement of this critical milestone marks TVIRD’s return to revenue and cash flow generation – a rare feat amongst junior resource companies in today’s commodities market – and positions the company for continued growth.
Click here to read the TVI Pacific (TSX:TVI,OTCQX:TVIPF) press release