LONDON (Thomson Financial) - Rusina Mining NL said test results to
investigate the feasibility of heap leaching of Acoje Ore project in the
Philippines are extremely encouraging for the future economics of the project.
European Nickel PLC under a joint venture agreement with the company will
spend 10 mln usd on the feasibility study to earn up to 40 pct of the nickel
laterite project.
Rusina's Philippine partner, DMCI advised Rusina that the Australian buyer
for 1.35 pct Ni had postponed their trial shipment requesting that some
additional client specific material handling test work on the ore be undertaken.
The results of the test work are not complete and are expected in mid to
late February, Rusina said.
TFN.newsdesk@thomson.com
bsu/sal
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