11:36 AM EST - Anaconda Mining Inc. : said that, pursuant to the stock purchase agreement dated Dec. 7, 2011, between Inversiones La Veta SpA (La Veta), a wholly-owned subsidiary of Anaconda, and Hierro Tal Tal S.A., Tal Tal has achieved commercial production on its first producing iron ore property and made its first shipment of iron ore concentrate on August 10, 2013. Per the payment terms of the SPA relating to the commercial production milestones, Tal Tal shall pay La Veta $1.0 million U.S. on or before Sept. 9, 2013. La Veta will also begin to receive a gross sales royalty of 0.80% on a calendar quarterly basis on the sale of iron ore concentrate from the first producing iron ore property. Anaconda Mining Inc.
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