Brief: China Vanadium Titano Magnetite Mining Temporarily Suspends Entire Ops At Maoling Mine

China Vanadium Titano Magnetite Mining

27/06/2023 16:19

June 27 (Reuters) - China Vanadium Titano Magnetite
Mining Co Ltd  0893.HK :
    * TEMPORARILY SUSPENDED ENTIRE OPERATIONS AT MAOLING MINE
    * INCIDENT HAS CAUSED DAMAGE TO CERTAIN MINING FACILITIES,
EQUIPMENT AND INFRASTRUCTURE AT MAOLING MINE
    * INCIDENT AND SUSPENSION WILL AFFECT PRODUCTION OF MAOLING
MINE
FOR MORE THAN A MONTH
    * MINE MAY NOT RESUME UNTIL POSSIBLY IN EARLY AUGUST 2023
    * EXPECTED TO INCUR ASSET REPLACEMENT AND REPAIR COSTS IN
ADDITION
TO INCIDENTAL COSTS FOR RESUMING MINE OPERATIONS

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Further company coverage:  0893.HK