CBH 0.00% 23.5¢ cbh resources limited

cbh and pasminco limited - friday ?

  1. 3,255 Posts.
    Looking for a Friday announcement I hope.

    Will bring instant earnings to CBH and get a PE
    under the shareprice :)


    HOMEX - Perth

    Consolidated Broken Hill Ltd (CBH) and Pasminco Limited (Subject to
    Deed of Company Arrangement) have substantially completed
    negotiations for the purchase by CBH of Pasminco's Elura
    zinc-lead-silver mine near Cobar, New South Wales.

    Documentation for the sale and associated agreements is now being
    finalised and recommendations are being prepared for approvals by the
    CBH Board and other required consenting authorities of the respective

    Once relevant agreements are signed, CBH will make a further
    announcement and seek shareholder approval for the acquisition.

    The Elura Mine is currently producing between 1.1 and 1.2 million
    tonnes of ore per year with a metal output of approximately 73,000
    tonnes of zinc, 42,000 tonnes of lead and 880,000 ounces of silver
    per year contained in concentrates.

    CBH proposes to extend the life of the mine and improve the operating
    performance through investment in plant improvements and the ore
    haulage system.

    R E Besley
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