Agata Mining ships more ore | Inquirer Business
Close  

Agata Mining ships more ore

/ 06:56 AM January 12, 2015

MANILA, Philippines–Agata Mining Ventures Inc. (Amvi) in December shipped out two more cargoes of high-iron, low-nickel ores valued at a total of $1.34 million (about P60 million) from its mine in Agusan del Norte.

According to project operator TVI Resource Development (Philippines) Inc. (TVIRD), one shipment that was dispatched Dec. 13 comprised 55,300 wet metric tons (wmt) of ore containing 0.9-percent nickel and 48.49-percent iron.

ADVERTISEMENT

The other cargo sent out a week later contained  51,900 wmt of ore with 0.89-percent nickel and 48.79-percent iron.

TVIRD said production in Agata “remained steady” and that there was a standing inventory of  41,863 wmt, which would help complete two more shipments expected to be made this month.

FEATURED STORIES

Also, Amvi has signed last Dec. 15 a deal with buyer Tewoo Hoperay (Singapore) Pte. Ltd. for two shipments of higher-grade ore.

TVIRD said in a statement that Amvi, a joint venture with Mindoro Resource Ltd., is ramping up its direct shipping ore operation.–Ronnel W. Domingo

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Agata Mining Ventures, Exports, Mining and quarrying, ores
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.