THREE VALLEY COPPER UPDATES STRATEGIC DISCUSSIONS ON
OPERATIONAL CONTINUITY OF PAPOMONO MINE
To update the public on the conversations surrounding the operational continuity of the Papomono mine of Minera Tres Valles (MTV) between Three Valley Copper Corp. (TVCC) – owners of 95.1% of MTV – and MTV’s senior secured lenders (Anglo American Marketing Limited and a fund managed by Kimura Capital LLP), TVCC issued a press release last Thursday, February 3, from Toronto, Canada, with the details of what was discussed.
This along with another press release detail the reasons that led to the temporary halting of starting production at the Block Caving operation in the Papomono mine, seeking to ensure that the mine is preserved until the relevant parties can agree, based on further studies, to the optimal form of operation, starting the ramp-up as soon as possible.
Our international creditors have expressed their continued support to MTV. They have also stated their awareness of the uncertainty that these ongoing discussions are causing other interested parties, including major suppliers, service providers, and the local MTV community, and they reiterate their commitment to restarting operations at Papomono once the technical studies are completed and the optimal methodology of operation is agreed upon.
We invite you to find out more detail in the following links: