Estimates a break-even in the Philippines
Delta Minerals now sell magnetite, sand for bricks and building materials; the activities in the Philippines is now estimated to achieve break-even.Recent developments with sales of magnetite (Iron ore), sales of building materials sand and last sale of bricks now provides a turnover in the Aparri production plant, Cagayan, in the range of 5-7 MSEK at current annual rate. The sale should provide a sufficient contribution to the activities in the Philippines to cover their running costs. Delta Minerals earlier this year signed an MOU with Chahaya Shipping & Trading for so-called