https://www.miningweekly.com
PROJECT|Resources
PROJECT|Resources
project|resources

Image sells 100 000 t of HMC

7th July 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Image Resources has inked an offtake agreement for 100 000 t of heavy mineral concentrate from its current inventory at the Boonanarring mineral sands project, in Western Australia.

The ASX-listed company told shareholders that the agreement with offtake partner Shantou Natford Zirconium and Titanium Co and Guandong Orient Zirconic would span across three to five months, starting in July this year.

Deliveries will be in multiple shipments of 20 000 t and 30 000 t each, and secured by letters of credit, with pricing based on the current market prices and locked for the full 100 000 t to protect against any softening in the market.

“Once again our offtake partners have demonstrated their commitment to acquire Image’s heavy minereal concentrate by stepping up to purchase Image’s surplus inventory even under the current uncertain economic conditions,” said Image MD and CEO Patrick Mutz.

‘This is a great example of the benefits of a positive working relationship. We welcome the support, however, we also look forward to expanding our sales network beyond our current offtake agreements, including, if achievable, broadening our customer base geographically.”

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 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.152 0.192s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: