Brief: Bumech Unit Stops Extracting Aluminium Ore in Uniprom-Metali's Mines

Bumech SA

13/05/2022 07:30

May 13 (Reuters) - Bumech SA  BMCP.WA :
    * SAID ON THURSDAY IT HAS DECIDED TO STOP EXTRACTION OF
ALUMINIUM
ORE (BAUXITE) IN MINES OWNED BY UNIPROM-METALI
    * DECISION FOLLOWS END OF TALKS ON BUYING STAKE IN
UNIPROM-METALI
BY COMPANY
    * THE COMPANY HAS SENT A DECLARATION OF TERMINATION OF
EXTRACTION
DEAL TO UNIPROM-METALI
    * THE COMPANY FAULTS UNIPROM WITH PAYMENT DELAYS
    * THE EXTRACTION WAS CONDUCTED BY UNIT BUMECH CRNA GORA
    * FINANCIAL IMPACT WAS REFLECTED IN FY 2021 FINANCIAL REPORT


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6wjjbna
 Further company coverage:  BMCP.WA  

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