Business
Covid-19 Update
Covid-19 Update.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \n \n RNS Number : 2163I\n Strategic Minerals PLC\n 31 March 2020\n \n \n \n \n Market Abuse Regulation (MAR) Disclosure\n \n \n Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n \n \n \n \n 31 March 2020\n \n \n Strategic Minerals plc\n \n \n (\"Strategic Minerals\" or the \"Company\")\n \n \n Cobre Operations Uninterrupted By Partial Lockdown in New Mexico, USA\n \n \n \n \n \n Strategic Minerals plc (AIM: SML; USOTC: SMCDY), \n a producing mineral company actively developing projects prospective for battery materials\n , wishes to confirm that operations at the Cobre magnetite stockpile have been unaffected by the recent decision of the state of New Mexico, USA to undertake a partial lockdown in response to the threat of Covid-19.\n \n \n The movement of the magnetite material is considered an essential service and, as such, operations associated with it are exempt from conditions required during the partial lockdown.\n \n \n Apart from essential service nature of operations, our wholly owned subsidiary, Southern Minerals Group (SMG), has 4 employees operating on site which is less than the state mandated 5 maximum employees for non-essential service organisations.\n \n \n In line with its exemplary safety record, SMG has adopted recommended social distancing and has placed the safety of its employees as its paramount goal.\n \n \n \n \n \n Commenting, John Peters, Managing Director of Strategic Minerals, said: \n \n \n \"Operations at Cobre in the first quarter of 2020 have continued in line with historical seasonal patterns and sales volumes have been in line with expectations. More detailed figures will be provided in the Company's quarterly update to be released by during April.\n \n \n \n Whilst the progress of Leigh Creek's application to the South Australian government for a program for environment protection and rehabilitation is likely to be slowed, \n \n \n t\n \n \n he fundamentals of the Company remain unchanged with tight cash control and continuing low overheads being combined with sustained revenues from Cobre.\n \n \n \n We are fortunate that the current crisis has had little effect on the Company.\n \"\n \n \n \n \n \n For further infor...