LONDON, Dec. 21, 2017 /CNW/ - Meridian Mining SE (TSX
V: MNO) ("Meridian" or the "Company") today announced it has
begun production at its upgraded Jaburi plant.
- Reached a total production of 50,000 tonnes of manganese
product on December 20, 2017
- Initial run through of Dry Material completed
- Continuous production runs started
- Current availability is 70% expected to reach 90% plus by the
end of the year
The plant is now operating with reduced quantities of material,
gradually scaling up production as the company aligns staff, new
operational processes with the new equipment. All systems are
continually being adjusted with different quantities and variations
in material processed, so each stage of production can be
optimised.
"The construction and first phase implementation of the new
plant has met our expectations and is on schedule," said
Carlos Braga, COO of Meridian.
"This is a strong endorsement of our main contractors Kuttner
(Kuttner do Brazil Equipmentos Siderúrgicos Ltda.) and the ability
of our own staff to partner in this highly complex process."
The construction of the new plant began in June 2016 with the commencement of civil works
and the addition of a new feeder, primary crusher and roll crusher.
The commissioned plant will achieve cost savings through additional
capacity, a streamlined process, as well as providing reliable
conditions for Meridian to achieve its production and safety goals.
The expanded capacity will also allow Meridian to further explore
and reach out to international niche markets of high grade
manganese.
Since acquiring our mining assests in Rondônia, Meridian has
produced a total of 100,000 tonnes of manganese. Our year to date
production reached 50,000 tonnes on December
20, 2017. With the new plant commissioned, we are now able
to increase our production targets for 2018 to meet the demand for
our high quality product.
QUALIFIED PERSON
The technical information about the Company's production and
sales activities has been prepared under the supervision of and
verified by Carlos Braga (B.Sc.,
MBA, member of the Chilean Mining Commission), the Chief Operating
Officer of Meridian Mining, who is a "qualified person" within the
meaning of National Instrument 43-101.
On behalf of the Board of Directors of
Meridian Mining SE
Anthony Julien
President, CEO and Director
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration,
development and mining activities in Brazil. The Company is currently focused on
exploring and developing the Espigão manganese and gold projects,
the Bom Futuro tin JV area, and adjacent areas in the state of
Rondônia. The Company employs a two-pronged strategy with the
objective of growing pilot production while advancing a parallel
multi-commodity regional exploration program. Meridian is currently
producing high grade manganese at its project located at Espigão do
Oeste.
Further information can be found at www.meridianmining.co.
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among others,
statements with respect to the Company's plans for exploration and
development of its properties and potential mineralization. These
statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors,
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the statements. Such risk
factors include, among others, failure to obtain regulatory
approvals, failure to complete anticipated transactions, the timing
and success of future exploration and development activities,
exploration and development risks, title matters, inability to
obtain any required third party consents, operating hazards, metal
prices, political and economic factors, competitive factors,
general economic conditions, relationships with strategic partners,
governmental regulation and supervision, seasonality, technological
change, industry practices and one-time events. In making the
forward-looking statements, the Company has applied several
material assumptions including, but not limited to, the assumptions
that: (1) the proposed exploration and development of mineral
projects will proceed as planned; (2) market fundamentals will
result in sustained metals and minerals prices and (3) any
additional financing needed will be available on reasonable terms.
The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
The Company cautions that it has not completed any feasibility
studies on any of its mineral properties, and no mineral reserve
estimate has been established. In particular, because the Company's
production decision relating to BMC's manganese project is not
based upon a feasibility study of mineral reserves, the economic
and technical viability of the Espigão manganese project has not
been established.
The TSX Venture Exchange has in no way passed upon the merits of
the proposed Arrangement and has neither approved nor disapproved
the contents of this news release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Meridian Mining S.E.
