We are pleased to announce that in June of this year, our first load of limestone aggregate was removed from our concession area to the local customer. We invite you to watch the photoreport from the loading of the raw material to the barge.
On 15th June 2015 the Company’s Management Board signed an agreement on cooperation with Oberio Private Equity Limited. Based on the agreement this entity will ensure the funding of Prime Minerals’ operations related to the execution of the Morowali project worth not less than PLN 9 million within 12 months following the conclusion of the agreement.
Following the series F stock issue completed in June 2015 the Company raised PLN 8,648,210. The funds will be earmarked for the funding of the Morowali project. More information on the completed series F stock issue is included in the Report EBI nr 36/2015.
Due to taking over 100% of shares of WGM1 Sp. z o.o., Prime Minerals became indirect major shareholder (75% of shares) in Indonesian company PT Bintang Sinar Perkasa. PT Bintang Sinar Perkasa is currently building an open pit mine of nickel ore in Indonesia. More about this project you can read (here).