# W Resources Plc La Parrilla Mining Contract Awarded

- Link: https://www.directorstalkinterviews.com/w-resources-plc-la-parrilla-mining-contract-awarded/412784383
- Published: 2019-06-07T07:03:55+01:00
- Author: Giles Arbor

**W Resources Plc** (LON: WRES), the tungsten, tin and gold mining company with 
assets in Spain and Portugal, announced today that it has formally signed the agreement
with General de Maquinaria y Excavación S.L. which has been awarded the mining contract
for the La Parrilla tungsten project in Spain.

The La Parrilla mining fleet is now in place, with three 60-tonne haul trucks, a
Liebherr excavator and other auxiliary equipment on site, which will be gradually
scaled-up in response to the demand as ramp-up progresses. The GME team will be 
locally managed by an experienced mining engineer along with a production foreman
and a safety manager responsible for the machine operating team.

Development at La Parrilla is progressing well and project construction completion
remains in line with guidance for completion of the Concentrator Plant in June. 
With some smaller modular plant such as the MCC being delivered and installed in
early July, commissioning of the Concentrator Plant also remains on plan for July.

**Michael Masterman, Chairman of W Resources plc commented: **

> “Following detailed negotiations, we are delighted to have awarded the mining 
> contract for La Parrilla to GME who bring extensive experience in mining and processing.
> Importantly, the contract is in line with our Final Investment Decision report,
> which further underpins our confidence of achieving the low operating costs we
> have outlined. The project remains within budget and we look forward to ramp-up
> to T2 of the project which will deliver significant earnings starting in 2019.”

Share on: