Colossal Resources - CLPZF - Colbalt in Zambia Message Board

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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Tom McIlwain who wrote (318)	7/14/1997 8:59:00 AM
From: kfdkfd	of 501

MAYBE HAPPY DAYS ARE ABOUT TO ARRIVE NEWS LUSAKA, July 10 (Reuter) - Colossal Resources Corp said on Thursday it expected to sell 160 tonnes of cobalt alloy from its Zambian operation in July. "Operations and plant improvements at Kabwe are being addressed vigorously and production levels are expected to rise," Nic Money, managing director for Colossal's subsidiary, Qasim Mining Enterprises Ltd (QMEL) told Reuters. "Over 80 tonnes of product has been sold to date and some 160 tonnes of product is expected to be delivered in July," Money said. He said the alloy produced by QMEL contained between 10 and 12 percent cobalt. Qasim Mining started cobalt production from Zambia Consolidated Copper Mines (ZCCM)<ZCC.PA) slag (waste) heaps last year and made its first sale of 12 tonnes of alloy last November. "QMEL is selling all the production output to customers in South Africa, Europe and Asia. The company is also quoting to prospective customers in India, Japan and North America on spot and contract supplies," Money said. -- Lusaka newsroom +2601 222 689

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