https://www.miningweekly.com
Mining|PROJECT
Mining|PROJECT
mining|project

Consolidated signs zinc offtake

Consolidated signs zinc offtake

Photo by Bloomberg

13th November 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Consolidated Zinc has struck an offtake agreement over all of the zinc concentrate produced at its Plomosas mine, in Mexico, until December 2020, with the option to extend for a further two years.

Consolidated Zinc reported on Wednesday that its subsidiary Minera Latin American Zinc had executed the offtake agreement with Industrias Penoles, which has a smelter in Torreon.

The offtake agreement contains an option for Penoles to extend the purchase agreement by a further two years, until the end of December 2022, and declare the volume of zinc concentrate to purchase in 2021 and 2022 on the exercise of this option.

Consolidated started mining Plomosas in September of last year, with the project selling 2 381 t of zinc in the nine months to September this year, along with 641 t of lead.

Lead concentrate from the Plomosas mine is currently being sold to global commodity trading houses at spot volumes on short-term contracts.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

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:0.156 0.191s - 108pq - 2rq
Subscribe Now