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Shareholder reports fall in Renison H1 production

2016/8/19      view:

    Shareholder L'Sea Resources International reported that tin-in-concentrate production at the Renison mine in Tasmania in January-June 2016 fell by 13.8% year-on-year to 2,829 tonnes. The unaudited figures were included in a release to the Hong Kong stock exchange yesterday. Production in June was reported at 445 tonnes, down 16.7% compared to June 2015, but showing some recovery from very low levels recorded in April (335 tonnes) and May (372 tonnes).

    L'Sea Resources owns 41% of the Bluestone Mines Tasmania indirectly via YT Parksong Australia, which has a 50:50 joint venture with Metals X. A commentary on the production figures will be available when Metals X publishes its quarterly results. One significant factor which is likely to have impacted second quarter performance was the planned switch from contractor to owner-operator mining at the end of April, which is likely to have resulted in some transitional disruption.