UPDATE OF SALES AND ORDERS FOR ARCOPLATETM
Fortescue Metals Group (FMG) has continued its preference for the use of ARCOPLATE in all their mining operations with placement of an order for one million eight hundred thousand dollars ($1,800,000) worth of product this week.
ARCOPLATE was used predominately in the construction of their current mining operations in Northern Western Australia (Cloudbreak mine); the value of product utilised in Cloudbreak mine by FMG was $5.5 Million making total purchases of ARCOPLATE $7.3 Million by FMG (www.fmgl.com.au)
Part of this order is for their existing operation and the balance is for the start of the fit out of their second mine which is currently under construction.
Alloy Steel has been advised it is preferred supplier for this second mine's wear plate requirements.
Following a visit to Perth last week by a group of consultant engineers from Kuala Lumpur, a significant order has been placed for the first major use of ARCOPLATE in Malaysia.
The final order value is expected to be approximately $630,000.
Unlike some of those commenters on the message boards, I'd actually prefer to not hear any updates such as these for a while -- at least until my outstanding GTC limit buy order is filled.