TVI Pacific unit makes 11th shipment to Swiss trader

CANADIAN-BACKED TVI Resource Development (Phils.), Inc. has completed its eleventh shipment of copper concentrates produced at the Canatuan mine in Zamboanga del Norte.

The miner said on its Web site yesterday that the 55,161 dry metric tons of copper concentrates, or copper with ore, were shipped from its warehouse at Santa Maria Port in Siocon, Zamboanga del Norte in accordance with an offtake arrangement with MRI Trading AG of Switzerland. The completion of the shipment brought TVI Resources’ total expected gross revenue to $72.5 million since March 2009.

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