Commodity Online
Toledo Mining Corp. (LON: TMC) has announced that a third shipment of ore has been shipped to BHP Billiton's
(ASX: BHP) Yabulu refinery from the Berong mine on Palawan island in Philippines containing 48,108 tonnes of
ore at 1.5% nickel and 30% iron.
Toledo Mining Corp. is engaged in investment in and exploration and development of mining projects in the Philippines. BHP Billiton Ltd. is based in Australia and is in the business of producing alumina, copper, energy, coal, iron ore, nickel, manganese, uranium and gold. Berong Nickel has concluded the shipment of stockpile material with full compliance to BHP standards.
The TMC and BHP alliance seeks a minimum shipment of 300,000 MT per annum to the Yabulu refinery of Queensland Nickel.
TMC is currently trading at 33.2 losing 8.22% at London Stock Exchange whereas BHP gained 1.14% at Australia Stock Exchange while closing at 37.13 on Thursday. TMC touched a 52-week high of 65 and low of 7.8 while BHP reached a 52-week high of 42.07 and low of 20.
