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BRIEF-Orocobre provides guidance on the impact of Argentine Government policy changes

Published 23/12/2015, 02:06 pm
© Reuters.  BRIEF-Orocobre provides guidance on the impact of Argentine Government policy changes
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Dec 23 (Reuters) - Orocobre Ltd ORE.AX :

* Provides guidance on the impact of changes in argentine government policy on its business operations in Argentina

* Companies can access US$2M to December 31 increasing to US$4M from then to end of may 2016 and unlimited access from end of may 2016

* Changes have positive impact on operational matters, the treasury function and the payment of dividends

* "Our SBLC dollar guarantees against peso loans are also strengthened, creating additional local funding"

* The 10% duty payable on boron mineral concentrates remains in place for the time being

* A 5% duty on the company's high value added lithium carbonate and refined borax products has now been removed

* Source text for Eikon ID:nASX3CprJT

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