Delta Minerals has commenced sale of construction sand
Delta Minerals has signed a contract for sand sale for building material from October 2015
Delta Minerals is pleased to inform that it has signed a sales agreement with Heritage Resources and Mining Corp. regarding sand sale for building material. The volume is initially about 4000 tons/month. Volumes may increase during the dry season from November to July. The products are delivered directly from the plant in Aparri and thus Delta Minerals can minimize transport costs.
Usage areas for these products are prefab structures such as beams for the ongoing Skyway construction in Manila, cement structures for buildings, cement pipes for drains in Manila as well as other cities in the Philippines.
The buyer is Heritage Resources and Mining Corp., a company controlled by Mr. Cornelio Casido, president of Delta Minerals Philippine operation.
"I am very pleased that our venture in the Philippines now stands on its own. Recently, we signed a contract for magnetite (iron ore), which also included a prepayment. "
“We can now see the revenues deriving from sand production, confirming our business model. We look with great interest to the company's continued operation in the Philippines, which also contributes to the local community, while ensuring values for our shareholders, '' says Thomas Lundgren, CEO Delta Minerals.
Delta Minerals earlier this year signed a MOU with Chahaya Shipping & Trading regarding reclamation sand deliveries to Singapore, used as land fill for construction works. These deliveries are expected to commence in the first half of 2016
For further information, please contact
Hakan Gustafsson, Chairman of the Board, hakan.gustafsson@deltaminerals.se, mobile + 46-70 268 00 35.
Thomas Lundgren, CEO, thomas.lundgren@deltaminerals.se, mobile + 46-70 397 25 24.
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Facts about the company
Delta Minerals AB is a Swedish public company listed on the stock market with the right to carry out environmental projects in the Philippines with the support of regional/local authorities. The company's goal is to begin operations in estuaries of Northwestern Philippines for the extraction of minerals and sand.
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