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Meridian Mining Announces 2017 Manganese Production and Sales Update
Meridian Mining Announces 2017 Manganese Production and Sales Update Canada NewsWi...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n\n\n\nMeridian Mining Announces 2017 Manganese Production and Sales Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONDON, Jan. 16, 2018\n\n\n\nLONDON, Jan. 16, 2018 /CNW/ - Meridian Mining SE (TSX V: MNO) (\"Meridian \" or the \"Company\") today announced 2017 production and sales results for Meridian's high-grade manganese project located in the state of Rondônia, in northwestern Brazil.\n\n\nProduced 51,580 tonnes of manganese product for year ending December 31, 2017\nSold 48,943 tonnes of manganese product for year ending December, 31, 2017\nCompleted the upgrade and commissioning of the Jaburi Plant\n\n\"In 2017 we substantially increased both production and sales of our high grade manganese product which a fantastic achievement considering we were upgrading the Jaburi plant for most of Q3 & Q4. During the upgrade, we had to rely on our older Rio Madeira plant.\" said Anthony Julien, President and CEO of Meridian. \"With growing demand from both domestic and international customers, and an increase in pre-sales for 2018, the company's focus is to ramp up output from the Jaburi plant while improving the capacity of the Rio Madeira plant to meet our expanded sales commitments for 2018.\"\n\nProduction\n\nMeridian produced 16,786 tonnes of manganese product in the fourth quarter of 2017 versus 13,326 tonnes in the fourth quarter of 2016, a 25% increase in production over the prior year period. Production for 2017 totalled 51,580 tonnes compared with 34,622 tonnes in 2016, a 48% increase over the prior year. \n\nThe construction of the Jaburi plant meant that for most of Q3 & Q4, the company was relying on production from the Rio Madeira plant. Construction of the Jaburi pilot plant and installation of all processing equipment is now completed.\n\nSales\n\nMeridian sold 21,974 tonnes of manganese product in the fourth quarter of 2017 versus 19,592 tonnes in the fourth quarter of 2016, a 12% increase in sales over the prior year period. Sales for 2017 totalled 48,943 tonnes compared with 39,820 tonnes in 2016, a 22% in...