Meridian Mining Announces 10,000 tonnes of manganese dispatched to a major Asian customer
Meridian Mining Announces 10,000 tonnes of manganese
dispatched to a major Asian customer
LONDON
,
Nov. 28, 2017
/CNW/ -
Meridian Mining SE (TSX V: MNO) ("Meridian" or the "Company")
today announced it shipped
10,000 tonnes of manganese ore to a major Asian customer. The manganese ore was shipped on
November 12
th
from Belém,
Brazil
and it will
take approximately 30 days to reach its destination. The shipment is part of an ongoing arrangement with a further 10,000 tonnes committed for
December /January. For 2018, the Company has committed to ship up to 30,000 tonnes to the same customer.
"The size of this order demonstrates our confidence in the new Jaburi plant infrastructure to increase and maintain production output at a new level.
The order reflects our customer's confidence in Meridian's ability to meet their increasing demands for more high-quality product from a consistent
supplier" said
Anthony Julien
, Meridian, President & CEO.
QUALIFIED PERSON
The technical information about the Company's production and sales activities has been prepared under the supervision of and verified by Carlos
Braga (B.Sc., MBA, member of the Chilean Mining Commission), the Chief Operating Officer of Meridian Mining, who is a "qualified person"
within the meaning of National Instrument 43-101.
On behalf of the Board of Directors of
Meridian Mining SE
"Anthony Julien"
Anthony Julien
President, CEO and Director
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration, development and mining activities in Brazil. The Company is currently focused on
exploring and developing the Espigão manganese and gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. The
Company employs a two-pronged strategy with the objective of growing pilot production while advancing a parallel multi-commodity regional
exploration program. Meridian is currently producing high grade manganese at its project located at Espigão do Oeste.
Further information can be found at
www.meridianmining.co
.
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities
laws. These statements include, among others, statements with respect to the Company's plans for exploration and development of its properties
and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance
or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to
complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title
matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors,
general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change,
industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2)
market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable
terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by applicable securities legislation.
The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate has been
established. In particular, because the Company's production decision relating to BMC's manganese project is not based upon a feasibility study of
mineral reserves, the economic and technical viability of the Espigão manganese project has not been established.
The TSX Venture Exchange has in no way passed upon the merits of the proposed Arrangement and has neither approved nor disapproved the
contents of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Meridian Mining S.E.
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For further information:
Jonathan Richards, T: +1 (604) 802-4447, E: [email protected]
CO: Meridian Mining S.E.
CNW 07:00e 28-NOV-17