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Q Resources
- BY: Andrew Hore |
- POSTED: 23/04/2012 |
- COMMENTS: Add yours
Mining shell Q Resources is on its way back to Aim.
Q Resources originally joined Aim on 9 April 2010 and the shares were suspended on 12 April 2011 when the potential deal to acquire the Montecristo copper mine in the Antofagasta province of Chile was announced. The shares were suspended for more than six months and the quotation was cancelled on 29 November 2011.
Montecristo produced copper for 11 years up until 2008. The mine could be up and running again within 12 months. Once it gets back into production in its first five years it is expected to produce 13,000 tonnes a year of 26% copper in concentrate and 800,000 tonnes a year of iron ore concentrate.
Q Resources is expected to return to Aim in early May.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf
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