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Almasane Alkobra Mining Co. (AMAK) announces the development of Al Masane mine expansion project (Moyeath orebody development), and the expected Cold Commissioning date of the new processing plant.
| Element List | Explanation |
|---|---|
| Announcement Detail | Almasane Alkobra Mining Company (AMAK) announces the developments of the Al Masane mine expansion project (Moyeath orebody development), and the expected Cold Commissioning date of the new processing plant, for production of Copper and Zinc concentrates. We inform the shareholders that the plant is in the final stages of construction and preparation works necessary to start the cold commissioning , and according to the project schedule, it is expected that the experimental tests will begin at the end of the Q4 2023 AD. The new processing plant was designed to process Moyeath Orebody specifically, which has a design capacity to process 400,000 tons per year. It is expected that the initial commercial production phase will begin during Q1 2024 AD. The company will announce any significant developments in this regard. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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