July 8 (Reuters) - New Island Resources Inc:
* Anaconda Mining Inc. denies access at pine cove, nl mine/mill to majority
owner and joint venturer; New Island Resources Inc unable to evaluate
progress of mine development project
* Says it has 70 percent undivided interest in pine cove property, with Anaconda Mining having 30 percent
* Says on July 2 Anaconda confirmed mill commissioning process has been delayed
and is 'apparently not yet underway'
* Says board recommends shareholders refrain from making final decision on
Anaconda buyout offer till it issues opinion
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Anaconda Mining Inc. denies access at pine cove, nl mine/mill to majority
owner and joint venturer; New Island Resources Inc unable to evaluate
progress of mine development project
* Says it has 70 percent undivided interest in pine cove property, with Anaconda Mining having 30 percent
* Says on July 2 Anaconda confirmed mill commissioning process has been delayed
and is 'apparently not yet underway'
* Says board recommends shareholders refrain from making final decision on
Anaconda buyout offer till it issues opinion
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.