Metals Exploration PLC Typhoon Mangkhut (9447A)
17 September 2018 - 5:26PM
UK Regulatory
TIDMMTL
RNS Number : 9447A
Metals Exploration PLC
17 September 2018
17 September 2018
METALS EXPLORATION PLC
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the
"Company"), the natural resources exploration and development
company with assets in the Pacific Rim region.
Typhoon Mangkhut
Metals Exploration plc, through its Philippine's subsidiary
company FCF Minerals Corporation, advises that Typhoon Mangkhut,
which made landfall on Friday over the island of Luzon in the
northern part of the Philippines, did not have any material effect
on mining and processing operations at its Runruno project in the
province of Nueva Vizcaya.
Heavy rains and high winds were experienced but the site was
well prepared in advance for the impacts of the typhoon. Grid power
was lost for a period of 16 hours caused by falling trees striking
the power lines during the peak of the storm. This affected milling
and crushing operations in the process plant during that time.
Back-up generator power was employed to maintain stability in the
BIOX process.
Mining operations were suspended for a shift (12 hours) during
the peak of the typhoon until it was safe to resume and are now
fully operational.
Processing operations were resumed on the re-establishment of
the grid power, with the BIOX circuit throughput being brought back
to 80% of design over the succeeding 18 hours. The BIOX circuit has
been operated stably at these levels for in excess of 6 weeks to
match the sulphide concentrate production levels; which reflects
the mix of ores produced as the mine cuts back into stage 2 of the
surface mine.
The Company's Emergency Response Team was mobilised and
available for any eventuality which might have affected the site or
communities in the surrounding vicinity. Fortunately there were no
material incidents and the team is assisting in clearing up
operations.
The Company will report more fully on operations in its next
scheduled Quarterly Report.
For further information please visit or contact
www.metalsexploration.com
Metals Exploration PLC info@metalsexploration.com
Ian R. Holzberger +63 (0) 9189 795 992
(Chairman) +61 (0) 418 886 165
Liam A. Ruddy +44 (0) 7911 719960
(Company Secretary) +63 (0) 918 979 2931
Andrew Rodgers +61 (0) 412 429 856
(Chief Financial Officer)
Nominated Adviser and Broker - CANACCORD GENUITY LIMITED
Martin Davison, James Asensio +44 (0) 207 523 4689
Public Relations - TAVISTOCK COMUNICATIONS
Barnaby Hayward, Jos Simson +44 (0) 207 920 3150
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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