https://www.miningweekly.com
Logistics|PROJECT
Logistics|PROJECT
logistics|project

Andromeda finds takers for Poochera product

29th July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Andromeda Metals has received new non-binding letters of intent (LoIs) for the offtake of potentially 307 000 t/y of dry processed halloysite-kaolin from its Poochera project, in South Australia.

The company told shareholders on Monday that Chinese specialty minerals company Anpeak China had signed an LoI for 120 000 t/y, while Weifang Engers Ceramics had signed an LoI for 50 000 t/y, Guangzhou Ghangying Trade for 30 000 t/y, Guangzhou Jinghui Ceramics Material for 5 000 t/y and Foshan Mei Zhi Hui Ceramic Materials for 2 000 t/y.

The offtake agreements were signed on the understanding that the eventual commercial production material from Poochera would match the specifications of samples provided.

Andromeda on Monday said that the rapid receipt of offtake LoI’s from a number of potential customers, over a range of applications, showed positive support for the company’s strategy of using the low-cost dry processing option to increase the value of the mineral, and to significantly reduce logistics costs.

Andromeda can acquire up to a 75% interest in the Poochera project by either sole funding A$6-million over a five-year period, or a decision to mine by the joint venture partners has been reached.

Edited by Creamer Media Reporter

Comments

Latest News

The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th 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:0.106 0.142s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: