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PDI expects mining license renewal

Padaeng Industry Plc shows confidence that the zinc mining license for the mine in Mae Sot, Tak province, would be renewed in the coming months.

Published on January 2, 2008



   The operations at the Mae Sot mine have been suspended since

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


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