REACHES MOU WITH LOCAL FIRM IN TAK
Padaeng Industry Plc on Feb 17, 1998 signed a memorandum of
understanding with Tak Mining Co Ltd in a bid to become alliance to mine
zinc resource located in Maesod's district, Tak province. The company
indicated vast amount of siligate and sulphite, in zinc ore, takes longer
than 10 years to mine. In the agreement Tak Mining will manage to found
ore plant while PDI is to supply know-how technology and to acquire all
outputs, which gives advantage for the company by reducing material
imports from overseas by 15% of total amount posting 140,000 metric
tonnes a year.