Last checked at 28 Aug 2012 07:00
For immediate release: 28 August 2012
Strategic Minerals Plc
("Strategic Minerals" or the "Company")
Successful Shipment by Rail
Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the magnetite iron ore producer and exploration company, is delighted to announce that it has successfully completed a test shipment by rail of its magnetite material from the Cobre stockpile in New Mexico to the port of Guaymas in Mexico. The test, which comprised an eight rail car shipment, was undertaken to verify key processes and procedures ahead of commencement of 72-car unit train commercial shipments for the export market.
James Fyfe, Executive Chairman of Strategic Minerals, commented:
"This was a vital test of our rail freight processes and procedures ahead of full scale commercial rail shipments, essential to our fulfillment of export sales. We are delighted to have proved that our systems, procedures and equipment can deliver a robust and efficient rail freight operation - and whilst some minor operational glitches and equipment problems were encountered, these were quickly resolved by the team. The proven ability to commence unit train rail shipments to port is an important milestone for the Company following the recent completion of the rail spur rehabilitation at the Cobre stockpile."
The Company's rail freight operations include its loading facility inside the mine gate, railroad switching during the 900+ kilometre journey to port, border crossing from the United States into Mexico and unloading and storage at the port.
For further information:
Company | |
Strategic Minerals plc | |
Paul Harrison, CEO | +44(0) 20 7930 6009 |
Nominated Adviser/Joint Broker | |
Allenby Capital Limited | |
Jeremy Porter / James Reeve | +44 (0) 20 3328 5656 |
Joint Broker | |
Daniel Stewart & Company Plc | |
Bob Huxford / David Hart | +44 (0) 20 7776 6550 |
Financial Public Relations | |
GTH Communications Limited | |
Toby Hall / Suzanne Johnson Walsh | +44 (0) 20 3103 3903 |
About Strategic Minerals
Strategic Minerals PLC (AIM: SML) is developing a portfolio of projects that provide near term production and revenues along with those that offer significant potential in the longer term. Strategic Minerals currently holds iron ore stockpile assets in North America and exploration properties in Australia. The Company has commenced production at its first magnetite operation, the Cobre stockpile in New Mexico and is continuing to develop a number of other projects within the same segment.
www.strategicminerals.net