Posted in | News | Zinc | Mining Business

TVI Pacific Affiliate Makes Fifth Shipment of Zinc Concentrate from Canatuan Mine

TVI Pacific Inc. (TVI or the Company) announced today that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. (TVIRD), completed its fifth shipment of zinc concentrate produced at the Canatuan mine on December 18, 2012.

  • 4,470 dry metric tonnes (dmt) of zinc concentrate was shipped containing 47.47% zinc
  • Gross revenue of US$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 (MRI) on December 19, 2012. TVIRD expects to receive gross revenue of approximately US$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 percent and zinc concentrate grade levels between 47 and 55 percent. The Company expects zinc concentrate shipments in 2013 to occur every four to six months.

About TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF)

TVI Pacific Inc. is a publicly-traded Canadian company that is focused on the production, development, exploration and acquisition of resource projects in the Philippines and Southeast Asia. TVI produces copper and zinc concentrates from its Canatuan mine. TVI also has an interest in an offshore Philippine oil property and is a partner in several joint venture projects in the Philippines and Papua New Guinea.

Source: http://www.tvipacific.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    TVI Pacific Inc.. (2019, February 18). TVI Pacific Affiliate Makes Fifth Shipment of Zinc Concentrate from Canatuan Mine. AZoMining. Retrieved on May 18, 2024 from https://www.azomining.com/News.aspx?newsID=7610.

  • MLA

    TVI Pacific Inc.. "TVI Pacific Affiliate Makes Fifth Shipment of Zinc Concentrate from Canatuan Mine". AZoMining. 18 May 2024. <https://www.azomining.com/News.aspx?newsID=7610>.

  • Chicago

    TVI Pacific Inc.. "TVI Pacific Affiliate Makes Fifth Shipment of Zinc Concentrate from Canatuan Mine". AZoMining. https://www.azomining.com/News.aspx?newsID=7610. (accessed May 18, 2024).

  • Harvard

    TVI Pacific Inc.. 2019. TVI Pacific Affiliate Makes Fifth Shipment of Zinc Concentrate from Canatuan Mine. AZoMining, viewed 18 May 2024, https://www.azomining.com/News.aspx?newsID=7610.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.