TVI Pacific Inc announced that its Philippine operating affiliate, TVI Resource Development Inc completed its fifth shipment of zinc concentrate produced at the Canatuan mine on December 18th 2012.
1. 4,470 dry metric tonnes of zinc concentrate was shipped containing 47.47% zinc 2. Gross revenue of USD 3.8 million is expected to be received for the shipment
The Company's fifth shipment of 4,470 DMT of zinc 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 on December 19th 2012. TVIRD expects to receive gross revenue of approximately USD 3.8 million from MRI for this shipment (pending final assay and price adjustments).
Production remains steady at the Canatuan mine, achieving copper concentrate grade levels between 17% and 20% and zinc concentrate grade levels between 47 and 55%. The Company expects zinc concentrate shipments in 2013 to occur every four to six months.
Source:
http://www.steelguru.com/metals_news/TVI_Pacific_completes_Fifth_Shipment_of_Zinc_Concentrate/296990.html
