Asia Broadband Inc (OTCMKTS:AABB) is a noted operator in the mining industry and yesterday, it made a major announcement with regard to the acquisition of new equipment. The company announced yesterday that it expected to get the deliveries of new mining facilities and processing equipment in the coming four to six weeks.
Asia Broadband Confirms Delivery of New Plant Site Equipment for Large-Scale Gold and Silver Ore Stockpile Processing
The company’s technical consultants and management set a completion time of the 3rd fiscal quarter for the purpose of bringing the new processing facility located in Etzaltan, Mexico into full operations. In addition to that, the company’s equipment supply agents and distributors in Asia have confirmed the timeline despite the fact that there have been logistical disruptions in the industry.
In this regard, it may be a good idea for investors to keep in mind that the new plant would deploy advanced mining equipment efficiencies and automation for the purpose of maximizing processing and minimizing production costs. The new facility would also be constructed with expanded processing capability, however, that will only be implemented after the establishment of the initial production levels. The latest announcement was an indication of the fact that the whole project was moving along as expected.