Business
Interim Results
Interim Results.
About this update from Ironveld Plc
[{"type":"text","content":"\n \nRNS Number : 4600T Ironveld PLC 30 March 2016 \n\n30 March 2016 \n \nIRONVELD PLC\n(\"Ironveld\" or the \"Company\")\n \nInterim results for the six months ended 31 December 2015\n \nIronveld plc, the owner of a High Purity Iron (\"HPI\"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the \"Project\") is pleased to announce its interim results for the six months ended 31 December 2015 (\"the Period\"). The Period saw a number of important milestones achieved as the Company moves towards delivering the Project.\n \nOperational Highlights\n· Key mining right executed to mine magnetite on the Harriets Wish 393LR, Cracouw 391LR and Aurora 397LR Farms \n· Approval granted for the Environmental Management Program (\"EMP\") on the above mentioned farms\n· Prospecting right on the farm Non Plus Ultra 683LR executed \n· Formal letter received from Eskom confirming power supply availability for the Project\n· Implementation of the critical infrastructure program with the design of the electrical infrastructure completed ahead of schedule and below budget \n· Draft construction contracts for the 15MW DC smelter circulated and requests for quotes for mining operations issued\n \nProject Financing\n· Broad-Based Black Economic Empowerment (\"BBBEE\") partners received an indicative term sheet from the Industrial Development Corporation (\"IDC\") for the BBBEE full capital contribution to the Project\n· Ironveld received spec...