Almonty Industries Inc. News

Almonty Industries Inc. announces that it has successfully restarted operations on June 29, 2013, six days after temporarily suspending mineral processing activities at its wholly owned Los Santos Project as a result of an electrical fire on June 23, 2013 that destroyed its diesel generator power supply and caused severe damage to its electrical switching infrastructure.

The restart was accomplished utilizing a portable 4 generator power installation that the Company has rented.  Almonty intends to rent the portable power installation until such time that the connection to the state electricity grid is complete in August 2013.

The Company will restore normal shipments of tungsten concentrate shortly and continues to work with its insurance adjusters to determine the extent of the damage and business interruption that is covered under its insurance policies.

Lewis Black, Chief Executive Officer of Almonty commented, "We are pleased to have been able to restart operations in such a short time after the fire and will be able to sustain normal operations through the use of temporary diesel generators with no impact on production. As a result of advancing our planned quarterly maintenance shutdown to coincide with the temporary stoppage, the ore that has been mined and stockpiled during the past week is expected to be processed during the month of July. Work on our connection to the state electricity grid continues on schedule and we expect to complete our connection during August 2013."
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

• < Prev
• Next >