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Balamara to start production at Montenegro zinc project in 2014
June 22, 2012 - 10:50 GMT Location: London
Australian exploration company Balamara Resources will list on London’s secondary AIM market within the next month and is planning to raise £3.5-4 million ($5.5-6.3 million) to develop copper, zinc and lead-rich projects in Montenegro and Poland, md Mike Ralston told Metal Bulletin.
The wholly owned Monty zinc-lead project in Northern Montenegro, which holds an inferred resource of 9 million tonnes, is expected to go into production in the first half of 2014. Ralston told Metal Bulletin that zinc producers in Europe are interested in metal from the project in order to satisfy their smelting capacity. “We are talking to at least one party, a producer of zinc and lead, that we could create a joint-venture with,” Ralston...
Balamara to start production at Montenegro zinc project in 2014
June 22, 2012 - 10:50 GMT Location: London
KEYWORDS: copper , lead , zinc , Balamara , AIM , Montenegro , KGHM , Boleslaw
Australian exploration company Balamara Resources will list on London’s secondary AIM market within the next month and is planning to raise £3.5-4 million ($5.5-6.3 million) to develop copper, zinc and lead-rich projects in Montenegro and Poland, md Mike Ralston told Metal Bulletin.
The wholly owned Monty zinc-lead project in Northern Montenegro, which holds an inferred resource of 9 million tonnes, is expected to go into production in the first half of 2014. Ralston told Metal Bulletin that zinc producers in Europe are interested in metal from the project in order to satisfy their smelting capacity. “We are talking to at least one party, a producer of zinc and lead, that we could create a joint-venture with,” Ralston...
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