https://www.miningweekly.com

Atrum inks another offtake MoU for Groundhog

29th April 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Atrum Coal has signed another memorandum of understanding (MoU) over its Groundhog project, in Canada, this time with a specialist Korean anthracite trader.

The coal developer said on Wednesday that the offtake MoU would allow the two companies to negotiate a binding sales agency agreement for anthracite produced from the Groundhog project.

In February this year, Atrum inked MoU’s with a number of Japanese firms, allowing for offtake negotiations to start.

The company said that the MoU’s with the Japanese and Korean counterparties were a key step in facilitating a minority equity sell-down of the Groundhog North mining complex.

The Groundhog North project, which covers less than 5% of Atrum’s broader Groundhog anthracite project, and which is estimated to host some 1.57-billion tonnes of resource, was expected to deliver about 5.4-million tonnes of coal a year.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.844 0.886s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: