This was forwarded by one of our partners.
For the half year ended 31 December 2006, the Lafayette Group recorded a consolidated loss attributable to members of the parent entity of *$66,369,569 or 7.4 cents per share* based on the weighted average number of ordinary shares on issue during the half year.
However more interesting the closure and rehabilitation plan has not been done. Was this not one of the conditionalities for re-opening?
*Contingent Liabilities - *
*closure and rehabilitation obligation*
A subsidiary, Rapu-Rapu Processing Inc., is liable of the conditions stated in the *Environmental Compliance Certificate No.* *001l-644-301C* which includes closure and rehabilitation obligations.
Rapu-Rapu Processing Inc. is in the process of developing a *closure and rehabilitation plan* for submission to and approval of the
Philippine Mines and Geosciences Bureau, however, at this stage no reliable estimate could be determined.
However more interesting the closure and rehabilitation plan has not been done. Was this not one of the conditionalities for re-opening?
*Contingent Liabilities - *
*closure and rehabilitation obligation*
A subsidiary, Rapu-Rapu Processing Inc., is liable of the conditions stated in the *Environmental Compliance Certificate No.* *001l-644-301C* which includes closure and rehabilitation obligations.
Rapu-Rapu Processing Inc. is in the process of developing a *closure and rehabilitation plan* for submission to and approval of the
Philippine Mines and Geosciences Bureau, however, at this stage no reliable estimate could be determined.
No comments:
Post a Comment