The Conversation (0)
Ormonde’s Barruecopardo tungsten project (LSE:ORM) will be pushed back to 2017, as per MetalBulletin (subscription). As quoted in the publication: The project is 70% owned by Oaktree Capital Management and 30% owned by Ormonde under Barruecopardo JV. The project is being developed by Saloro SLU, the company owned by Barruecopardo JV. Ormonde acts in a …
Ormonde’s Barruecopardo tungsten project (LSE:ORM) will be pushed back to 2017, as per MetalBulletin (subscription).
As quoted in the publication:
The project is 70% owned by Oaktree Capital Management and 30% owned by Ormonde under Barruecopardo JV. The project is being developed by Saloro SLU, the company owned by Barruecopardo JV. Ormonde acts in a management capacity. It had been slated to enter the commissioning phase by the end of this year, as reported by Metal Bulletin in February. It was subject to delays because of an administrative appeal in relation to compulsory land acquisition, although this has now been resolved in the company’s favour and the compulsory acquisition of the final 15% of land needed is moving forward.
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