Lafayette eyes restart after typhoon
Filed under: Mine - RapuRapu, Mineral - Copper, Mineral - Gold, Mineral - Silver, Mineral - Tin, Mineral - Zinc, Operator - Lafayette, Operator - RRMI, Operator - RRPI, Operator - RapuRapu Mining, Region 05 - Masbate
SYDNEY (Reuters) - Lafayette Mining Ltd. said on Tuesday it was confident of a rapid resumption of copper and zinc concentrate shipments once repairs are completed at its mine in the Philippines, damaged by a typhoon late last year.
In the meantime, existing inventories of concentrate — ground ore — were being shipped on spot terms by South Korea’s LG International, said Lafayette, whose stock is listed on the Australian Stock Exchange.
In late November, Typhoon Durian ripped across remote Rapu-Rapu Island, 350 km southeast of Manila, knocking out power and communication lines with the mainland and damaging staff housing quarters.
“The base metals plant and ancillary infrastructure required for the restart of production of copper and zinc concentrates are expected to be available in early February 2007,” Lafayette said in a statement.
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