www.goldinvest.de/public/data/documents/...eport_31Mar2010.pdf
Kurzfassung:
March 2010 Quarterly Report
KIPOI PROJECT
Highlights
During the quarter the Company made significant progress towards bringing the Stage 1 copper mining operation at Kipoi into production before the end of 2010.
Important milestones that were achieved include:
* Granting by the Minister of Mines in the DRC of the mining permit for development of Kipoi Central deposit.
* Approval by the relevant authorities of the Environmental impact statement and Environmental management plan.
* Approval by Gecamines of the Stage 1 development plan.
* Appointment of Mr Marwood, a qualified Mining Engineer, as a Joint Managing Director. Mr Marwood has responsibility for all operational aspects of bringing the Kipoi Project into production.
* Successful completion of independent technical review of Stage 1 development plan commissioned by Nedbank. The Company is targeting final Nedbank and ECIC approvals for US$16 million debt facility in May 2010.
* Proposed US$27 million debt funding package with Trafigura Beheer B.V. approved by shareholders at meeting held on 21 April 2010.
* Notice of Intent to Award Mining Contract for Stage 1 development issued to MCK Trucks sprl.
* Provision of a Lump Sum Turnkey proposal for the capital works by DRA.
* Key project management and senior financial personnel successfully recruited.
Click here to read the full March 2010 Quarterly Report.
www.tigerresources.com.au
Kurzfassung:
March 2010 Quarterly Report
KIPOI PROJECT
Highlights
During the quarter the Company made significant progress towards bringing the Stage 1 copper mining operation at Kipoi into production before the end of 2010.
Important milestones that were achieved include:
* Granting by the Minister of Mines in the DRC of the mining permit for development of Kipoi Central deposit.
* Approval by the relevant authorities of the Environmental impact statement and Environmental management plan.
* Approval by Gecamines of the Stage 1 development plan.
* Appointment of Mr Marwood, a qualified Mining Engineer, as a Joint Managing Director. Mr Marwood has responsibility for all operational aspects of bringing the Kipoi Project into production.
* Successful completion of independent technical review of Stage 1 development plan commissioned by Nedbank. The Company is targeting final Nedbank and ECIC approvals for US$16 million debt facility in May 2010.
* Proposed US$27 million debt funding package with Trafigura Beheer B.V. approved by shareholders at meeting held on 21 April 2010.
* Notice of Intent to Award Mining Contract for Stage 1 development issued to MCK Trucks sprl.
* Provision of a Lump Sum Turnkey proposal for the capital works by DRA.
* Key project management and senior financial personnel successfully recruited.
Click here to read the full March 2010 Quarterly Report.
www.tigerresources.com.au
Greeny