Company previously advised that the revised resource/reserve tonage would be announced in the first quarter of 2008. BFS was also due to be completed by March 31, but ARH now advise that this will be delayed pending the receipt of quotes for major capital items in April.
Shougang were to have made a decision by June 20 2008 whether or not they were going to proceed.
Surely an announcement must be imminent regarding the revised level of resources/reserves and the revised timetable for the completion of the BFS and given its delay whether the decision date re Shougang will also be put back.
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- announcement must be imminent
announcement must be imminent
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