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Additional information
Additional Information
Market: ASX / AIM
Sector: General Mining
Epic: RML
News: Latest news
Web Site: Rusina Mining
Other Articles: 02-03-201002-03-201003-02-2010

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Thursday March 18, 09:06The drugs work: Biocompatibles sees further good sales growth ahead

After better-than-expected sales growth in the 2009 full year, the drug-eluting beads maker forecasts more growth this year while the Oncology Products Division revs up the pace of product trials.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Rusina Mining

Rusina Mining

Rusina Mining N.L. is an active mining exploration company that is focused on the emerging Philippine mining sector. The Company has defined a JORC compliant resource estimate for nickel laterites at its Acoje tenement on the island of Luzon and will commence mining operations in the second half of 2007. The Acoje property also hosts chromite, nickel sulphides and platinum group metals. Rusina is listed on the Australian Stock Exchange, code RML and the London Stock Exchange (AIM) code RMLA.

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Saturday, March 14, 2009

Rusina Mining says continued to make progress in first half

Rusina Mining NL said that, despite the significant deterioration in global economic conditions during its financial first half, the company continued to make progress across its key areas of operation in the Philippines.

Most significantly, the period to December 31 2008 saw the finalisation of the pre-feasibility study for the nickel heap leach project at Acoje, utilising partner European Nickel PLC's heap leach technology, the group said in a statement.

Rusina and European Nickel have now moved into the definitive feasibility study (DFS) phase with the construction of the trial leach facility to demonstrate the large scale permeability and recovery of the Acoje ore. First leaching is on schedule for April 2009.

European Nickel is funding the DFS by spending US$10 million to earn a 40 percent interest in the project.

The highlights of the PFS include a JORC compliant indicated resource of 34.41 million tons at 1.09 percent nickel from an inferred plus indicated resource of 50.14 million tons at 1.06 percent nickel using a 0.8 percent cut off grade.  Annual production is estimated at 24,500 tons of nickel and 930 tons of cobalt. Total development is estimated to cost US$498 million.

Rusina reported revenue of A$68,687 in the first half compared with nil a year earlier and net losses of A$1.43 million from profits of A$338,901 previously.

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