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ZincOx Resources sells Jabal Salab joint venture

Mon, 11th Mar 2013 09:44

ZincOx Resources said Monday it is selling its Yemen arm to Ansan Wikfs, its joint venture partner in Jabal Salab.The disposal of ZincOx Resources (Yemen) Limited, which holds a 52% interest in Jabal Salab, will give Ansan Wikfs complete control of the venture. Jabal Salab has the right to exploit the Jabali deposit in Yemen, which contains both silver and zinc.The consideration for the sale includes series of deferred payments to be made from cash generated from the currently undeveloped Jabali deposit once mining operations commence.The deferred payments are completely dependent on financing of the project and sale of products.They are further dependent on the London Metal Exchange zinc and silver prices at the time of future sales of the products and are designed to recover the company's past investments in Jabal Salab.Ansan Wikfs will make a nominal payment of $1.0 at the time of the transfer of ownership, acknowledging that the value will be in the project once developed."Due to the realignment of our corporate strategy towards recycling, our interest in primary natural resources has diminished and it is right therefore that our joint venture partner takes over the management and development of this exciting project," ZincOx Chairman, Andrew Woollett, said."With their very strong connections in the Middle East generally and Yemen in particular we believe they are best placed to pursue the financing of the project."Shares fell 0.98% to 25.25p at 10:08 Monday. RD

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23 Jan 2017 10:36

ZincOx Resources teams up with Korea Zinc to start up plant in Vietnam

(ShareCast News) - ZincOx Resources, an AIM-listed company that recycles hazardous waste generated by recycling steel scrap, has entered into a joint-venture agreement with Korea Zinc company (KZC) to develop a recycling plant in Vietnam. Under the agreement, KZC will fund 100% of a Definitive Devel

12 Jan 2017 12:30

ZincOx acquires Korea Zinc for $7.95m

(ShareCast News) - ZincOx Resources, an AIM listed company that recycles hazardous waste generated from recycling steel scrap, has announced that it has entered into a sale and purchase agreement with Korea Zinc company (KZC) with regard to the company's remaining interest in Zinc Oxide corporation,

24 Nov 2016 12:38

ZincOx Resources and Korea Zinc Co in Vietnam recycling plant JV

(ShareCast News) - ZincOx Resources and Korea Zinc Company Ltd (KZC) have entered a Memorandum of Understanding (MoU) for the joint design and development of a recycling plant in Vietnam. The MoU foresees KZC funding 100% of a Definitive Development Study (DDS) in sufficient detail to enable the rai

28 Sep 2016 11:20

ZincOx operating loss widens amid viability concerns

(ShareCast News) - ZincOx Resources announced its unaudited half yearly results for the six months to 30 June on Wednesday, with revenue of $0.64m more than doubling from the $0.29m in the 2015 interim period. The AIM-traded firm's operating expenses were almost three times what they were in the pri

28 Sep 2016 09:43

WINNERS & LOSERS SUMMARY: UK Mail Jumps On Deutsche Post Cash Offer

28 Sep 2016 07:37

ZincOx Shares Plummet As Loss Widens And Threat Of Suspension Looms

1 Sep 2016 09:57

WINNERS & LOSERS SUMMARY: Weak UK Recruitment Market Hits Hays Stock

11 Jul 2016 07:43

ZincOx Hires AIM Veteran Donald McAlister As New Finance Director

17 Jun 2016 16:33

ZincOx raises £300,000 for working capital, other opportunities

(ShareCast News) - ZincOx Resources has raised £300,000 at 1p a share, proceeds going to working capital and various opporunities over the next 12 months using its metallurgical expertise. At 16:47 BST, shares in ZincOx were up 28% to 0.8p. It is working with EETAC, a consortium of US and intern

17 Jun 2016 11:02

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Zincox Resources Plc Share News (ZOX)

ZincOx Resources sells Jabal Salab joint venture

ZincOx Resources teams up with Korea Zinc to start up plant in Vietnam

ZincOx acquires Korea Zinc for $7.95m

ZincOx Resources and Korea Zinc Co in Vietnam recycling plant JV

ZincOx operating loss widens amid viability concerns

WINNERS & LOSERS SUMMARY: UK Mail Jumps On Deutsche Post Cash Offer

ZincOx Shares Plummet As Loss Widens And Threat Of Suspension Looms

WINNERS & LOSERS SUMMARY: Weak UK Recruitment Market Hits Hays Stock

ZincOx Hires AIM Veteran Donald McAlister As New Finance Director

ZincOx raises £300,000 for working capital, other opportunities

LONDON MARKET MIDDAY: Threatened National Grid Left Behind By Rally

WINNERS & LOSERS SUMMARY: National Grid Hit By Break-Up Recommendation

ZincOx Resources Raises GBP300,000 In Share Placing (ALLISS)

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ZincOx Shares Rise As It Begins Rebuilding Company After Tough 2015

ZincOx Completes Transfer Of 90% Recycling Stake To Korea Zinc

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Zincox Resources Plc Share News (ZOX)

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