TVI Pacific Inc. Completes 37th Shipment of Copper Concentrate

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[{"type":"text","content":"\n\n\nTSX: TVI  OTCQX: TVIPF\n\n\nCALGARY, Sept. 23, 2013 /CNW/ - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) (TVI or the Company) announced today that its Philippine operating\n affiliate, TVI Resource Development (Phils.), Inc. (TVIRD), completed\n its 37th shipment of copper concentrate produced at the Canatuan mine, on\n September 12, 2013.\n\n\nHighlights:\n\n\n5,498 dry metric tonnes (dmt) of concentrate were shipped containing\n 17.00% copper;\n\n\nGross revenue of approx. US$10.1 million expected to be received for the\n shipment; and\n\n\nInventory of 958 dmt of copper concentrate is currently in storage.\n\n\nThe 37th shipment of 5,498 dmt of copper concentrate left the port of Santa\n Maria in Siocon, Zamboanga del Norte, in accordance with the off-take\n arrangement between TVIRD and MRI Trading AG (MRI) on September 12,\n 2013. TVIRD expects to earn gross revenue of approximately US$10.1\n million from MRI for this shipment (pending final assay and price\n adjustments). Remaining in inventory is approximately 958 dmt of copper\n concentrate.\n\n\nProduction remains steady at the Canatuan mine, achieving copper\n concentrate grade levels between 17 and 20 percent.  TVIRD anticipates\n that future shipments of copper concentrate will continue approximately\n every six to eight weeks.\n\n\nAbout TVI Pacific Inc. \n\n\nTVI Pacific Inc. is a Canadian resource company focused on the\n production, development, exploration and acquisition of resource\n projects in the Philippines and Southeast Asia. The Company produces\n copper and zinc concentrates from its Canatuan mine and is advancing\n its Balabag Gold-Silver project.  TVI is a participant/operator in\n several joint venture projects in the Philippines and Papua New Guinea\n and also has an interest in an offshore Philippine oil property.\n\n\nConnect with us www.tvipacific.com\nFollow us on Twitter www.twitter.com/tvipacific\n\"Like\" us at www.facebook.com/tvipacific\n\n\nThe Toronto Stock Exchange has neither approved nor disapproved of the\n information contained herein.\n\n\nSOURCE TVI Pacific Inc.\n\n Investor Relations TVI Pacific Inc. [email protected] Copyright CNW Group 2013","length":3324,"tagName":"div"}]

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