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Mining Capital

Cobre 'continuing to generate substantial cash' for Strategic Minerals Plc

John Peters, managing director of Strategic Minerals Plc (LON:SML), tells Proactive's Andrew Scott that sales volumes at the Cobre magnetite operations in New Mexico, US, remain strong.

Peters says due to the strong sales and the arrangements put in place with Cobre's major client, it generated US$927,000 in cash flow from the assets in the September quarter.


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