Arjun Aloysius and Kasun Palisena are in remand after being arrested over the Central Band treasury bond scam. (Colombo Gazette) Perpetual Treasuries head Arjun Aloysius and Chief Executive Officer Kasun Palisena have been further remanded till March 15.They were ordered to be further remanded by the Colombo Fort Magistrate when the case was heard today.
Taseko Mines has announced further procurement details for the upgrade and expansion of the concentrator facility at its Gibraltar mine in south-central British Columbia, Canada. This upgrade and expansion project will increase the production capacity of the Gibraltar mine from 70 Mlb to 100 Mlb of copper per year by 2008. Taseko has entered into an agreement with Farnell-Thompson, an engineering firm specializing in grinding mill design and engineering for direct sourcing of the new SAG mill for Gibraltar. Direct sourcing reduces the time for mill design, engineering and delivery of the mill components. Taseko reports that “Farnell-Thompson has been active in the global market for SAG mill sourcing for over the last 15 years, and recently provided similar services to Newmont for the supply of grinding mills for their Phoenix project in Northern Nevada.” It is expected that the SAG mill will be delivered in 15 months. In conjunction with this work, Taseko has also engaged Hatch to provide overall engineering and procurement services for the upgrade of the concentrator. www.farthom.com