
Published on January 2, 2008
October 18,2007 after the expiry of the mining lease and the Tak
smelter has been using the accumulated stocks albeit at a slightly
reduced rate compared with previous quarters.
"To date, the company has encountered significant delays with
the approval procedure. However, the company is making significant
progress and is confident that the licence for the mining lease will be
approved in the coming months," said Surin Tanticharoenkiat, the secretary to the board of directors, in the statement to the Stock Exchange of Thailand.
PDI added that the company can rely on stockpiles of its own concentrates to
feed the Tak smelter until the end of the second quarter of 2008, keeping
the mine contribution in the feed around the current rate. When the
mine reopens, the smelter should resume using its own concentrates at
approximately the same rate as in the first half of 2007.
The company does not anticipate any impact in terms of deliveries
of zinc products for its regular customers.
- The Nation