Business
First Payment for Copper Concentrate Shipment
First Payment for Copper Concentrate Shipment.
About this update from Bluebird Mining Ventures Ltd.
[{"type":"text","content":"\n \nRNS Number : 7525C Bluebird Merchant Ventures Limited 30 June 2016 \n\n30 June 2016\nBluebird Merchant Ventures Limited\n(\"Bluebird\", \"BMV\", or \"The Company\")\n \nBluebird Receives Payment for First Copper Concentrate Shipment\n \n \nBluebird is pleased to announce that the Company has received payment from the smelter for the initial test shipment of copper concentrate that is in line with management expectations.\n\nThe construction of the laboratory and other improvements at the processing plant is on schedule and nearing completion. The Company expects to renew the agreement with the smelter and to commence making regular shipments from the month of July. Bluebird has elected to sell the concentrates to a local smelter as has taken the view that it is advantageous for the Philippines if mineral processing occurs within the country.\n \nCharles Barclay, CEO, said \"Receiving payment from the smelter completes the trade cycle for the test shipment and demonstrates proof of concept. The construction of the laboratory and upgrades at the processing plan will enable the business to operate more efficiently. We now look forward to renewing the smelter agreement and commencing regular shipments and developing a profitable trading business\".\n \nEnquiries:\n \n\n\n\n\nBluebird Merchant Ventures\n\n\n+63 917 8615 604\n\n\n\n\nCharles Barclay\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOptiva Securities\n\n\n+44 (0)203 137 1902\n\n\n\n\nJeremy King / Christian Dennis\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR Limited\n\n\n+44 (0)207 933 8783\n\n\n\n\nGary Middleton / Nick Rome\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCAKKDPPBKKDAN\n ","length":3740,"tagName":"div"}]