Business
Half Yearly Report
Half Yearly Report.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n \nRNS Number : 7900S Ormonde Mining PLC 29 September 2014 \n \n\n29 September 2014\n \nOrmonde Mining plc\n(\"Ormonde\" or \"the Company\")\n \n \nInterim Results for the Six Months Ended 30 June 2014\n \nOrmonde Mining plc, the development and exploration company operating in Spain, is pleased to announce its unaudited interim results for the six months ended 30 June 2014. \n \n \nHighlights:\n \nBarruecopardo \n \n· All environmental approvals received: Mining Concession currently awaited\n \n· Basic Engineering completed and shortlist of companies to undertake construction activities prepared\n \n· Ongoing progress on debt funding arrangements\n \n· Continued resilience of the tungsten price in a time of constrained global GDP growth and positive outlook for the coming years. \n \n \nMichael Donoghue, Chairman of Ormonde, commented,\n \n\"We have made very significant progress at our Barruecopardo Project during the first half of 2014, including the receipt of the Environmental Permit, the engagement of Swedbank as debt advisors in relation to the financing package for the Project and the agreement of a five year offtake contract, with Noble Group, for the tungsten concentrate to be produced. We look forward to the issuing of the Mining Concession.\"\n \n \nEnquiries to:\n \nOrmonde Mining plc\nKerr Anderson, Managing Director Tel: +353 (0)1 8253570\n \nCapital M Consultants\nSimon Rothschild Mob: +44 (0)7703 167065\n \nMurray Consultants\nMark Brennock Tel: +353 (0)1 4980300 Mob: +353 (0)87 2335923\n \nDavy (Nomad / ESM Adviser)\nEugenée Mulhern / Roland French Tel: +353 (0)1 6796363\n \nSP Angel Corporate Finance LLP(Joint Broker) \nEwan Leggat / Katy Birkin Tel: +44 (0)20 3463 2260\n \n\n\n \nCHAIRMAN'S STATEMENT\n \n \nDuring the first half of 2014 your Company was engaged in furthering the permitting process for the development of its Barruecopardo Tungsten Mine in Salamanca Province, Spain and, in parallel has been advancing other key matters required to facilitate its development.\n \nJanuary 2014 saw the termination of an offer period with t...