https://www.miningweekly.com

IMX signs offtake MoU

15th April 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed IMX Resources has inked a memorandum of understanding (MoU) with commodities trader Ningbo Foreign Trade for a possible offtake agreement over the Chilalo graphite project, in Tanzania.

IMX said on Wednesday that the MoU would allow the two companies to execute a binding offtake agreement for at least 25 000 t/y, over a five-year period, once the feasibility work on the Chilalo project had been completed.

While the China-based Ningbo has expressed desire to purchase a larger quantity of graphite, IMX told shareholders that the company had indicated its preference for offtake agreements to be diversified across multiple parties.

“This MoU reflects the underlying strengths of the Chilalo project and builds on the strong early-stage interest expressed by a number of parties,” said IMX CEO Phil Hoskins.

The Chilalo project has a mineral resource of 7.4-million tonnes, grading 20.7% graphitic carbon, for 792 000 t of contained graphite.

IMX had begun producing bulk samples for customers that would be testing the Chilalo graphite for use in various products.

Edited by Creamer Media Reporter

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 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:0.136 0.169s - 88pq - 2rq
Subscribe Now