MAC/20: Mines and Communities

Toledo Mining Says Berong's Ore Shipment Delayed Due To Restraining Order

Published by MAC on 2007-01-12

Toledo Mining says Berong's ore shipment delayed due to restraining order


12th January 2007

LONDON (AFX) - Toledo Mining Corporation PLC said laterite ore shipments from Philippines-based Berong Nickel Corp, in which Toledo has a 56.1 pct interest, has been delayed due to a 72-hour temporary restraining order placed on it by the governor of Palawan.

The company said the TRO prevents it from loading and shipping laterite ore from the coastal stockpile area, although it added mining operations at the mine site have not been impacted.

The company said it has received legal advice indicating there is 'no foundation' to the TRO, and that Berong Nickel has 'all the necessary approvals' in place.

The company will make a further announcement once the TRO has expired.

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