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Meridian Mining Announces Q3 Manganese Production & Sales
Meridian Mining Announces Q3 Manganese Production & Sales Meridian Mining Anno...
About this update from Meridian Mining Plc
[{"type":"text","content":"\n\n\n\nMeridian Mining Announces Q3 Manganese Production & Sales\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\nMeridian Mining Announces Q3 Manganese Production & Sales\nCanada NewsWire\nLONDON, UK, Oct. 10, 2017\n\n\n\nLONDON, UK, Oct. 10, 2017 /CNW/ - Meridian Mining SE (TSX V: MNO) (\"Meridian \" or the \"Company\")today announced production and sales results from its Espigão manganese project for the third quarter ending September 30, 2017. All financial results are reported in US dollars unless otherwise stated.\n\n\n \n \n\n \n\"Q3 has seen record production levels from our Rio Madeira plant which has enabled the Company to exceed production targets for the quarter.\" said Anthony Julien, President and CEO of Meridian. \"The Rio Madeira plant has carried the business, as we complete the upgrades to our Jaburi plant. We have now cold commissioned the Jaburi plant and plan to ramp up its production this month.\"\n\nProduction & Sales Results (Unless otherwise noted, comparisons are made between Q3 fiscal 2017 and Q3 fiscal 2016)\n\n\nMeridian achieved production of 18,488 tonnes in the third quarter, compared to 13,445 tonnes in Q3 2016. This represents a 38% increase in line with the forecasted ramp up of manganese operations as planned for 2017.\nThe Rio Maderia plant achieved a record production in August of 7,091 tonnes\nSales in the third quarter were 8,056 tonnes of manganese oxide mineral product compared with 6,622 tonnes in Q3 2016, a increase of 22%\nMeridian has confirmed orders for 2017 totalling 53,129 tonnes, which will account for all planned production in 2017.\nCIF Tianjin pricing for 44% manganese was $6.54 per dmtu as of September 30th, 2017. (source: www.metalbulletin.com).\nOfftake Sales Update\n\nThe Company has signed an offtake contract for a minimum sale of 20,000 tonnes and the option to increase to 30,000 tonnes for 2018. This offtake is to the same international customer that purchased 20,000 tonnes in 2017 (see news release dated June 21, 2017).\n\nThe sales contract will consist of shipments to be completed befor...