RESOURCE DEVELOPMENT PHILIPPINES MINE EXPANSION COMPLETE KANATUAN
The company TVI Resource Development Philippines Inc. in the third quarter of 2005 to complete a mine expansion Kanatuan (Canatuan) in the province of Zamboanga on the southern Philippine island of Mindanao, and increase the production of dore bars by 70%.
The production capacity of the industrial plant will increase from 450 to 750 thousand pounds a day. The company will produce 31.431 million ounces of gold and 947.764 ounces of silver per year.
