April 14, 2011 / 1:48 PM / 7 years ago

UPDATE 1-Mandalay Resources says force majeure at Kosaka smelter lifted

* Says normal shipping schedule to resume in May

* To resume shipments from Cerro Bayo by April end

* Says all delayed sales to be completed over the next 6 months (Follows alerts)

April 14 (Reuters) - Canada’s Mandalay Resources said Japan’s Dowa Metals and Mining Co , the main customer for its Chile-based mine’s silver-gold concentrate, has lifted force majeure at its Kosaka smelter.

Mandalay Resources said it expects shipment of concentrates from its Cerro Bayo silver-gold mine to resume before the end of the month and normal shipping schedule in May.

On April 6, Mandalay said in a statement Dowa had confirmed that equipment and facilities at its Kosaka smelter were in sound conditions and operations resumed a day before. [ID:nL3E7F635Y]

Mandalay, which maintained normal operations at Cerro Bayo during the force majeure period, stockpiling concentrates, said all sales that were delayed during the force majeure declaration are expected to be completed over the next six months.

Force majeure was declared on March 16 following the Japanese earthquake and Tsunami.

Shares of Mandalay closed at 58 Canadian cents on Wednesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Prem Udayabhanu)

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