Valence signs more offtake deals
PERTH (miningweekly.com) – The share price of ASX-listed Valence Industries was bumped up nearly 9% on Monday on news that the company has signed six new graphite sales contracts.
With nine new customer contracts in place, Valence has secured offtake partners for all the production from the first year of operation at its Uley graphite mine, in South Australia.
The company told shareholders that the signed sales contracts were for graphite concentrate across all sizes and purities, and were in line with the company’s strategy to manufacture and sell graphite to the required specifications of companies.
Contract pricing was structured based on the grade and quality of the graphite, and was consistent with company expectations, Valence said.
The new customers would receive flake graphite concentrate from production in 2015, as well as from increased output in 2016. The flake customers would require samples from actual production facilities in order to quantify the specific grade and quality of the graphite for their own production requirements.
In November last year, Valence took the decision to re-open the Uley mine, which was placed on care and maintenance in 1993.
Phase 1 of the operations would deliver about 14 000 t/y of graphite, while the Phase 2 expansion would see production increase from 14 000 t/y to 50 000 t/y. The expansion of the Uley site would provide additional processing capacity in 25 000 t/y increments of graphite output, to reach 64 000 t/y, to effectively match market demand.
Valence was trading at a high of 39.5c a share on Monday, up from a low of 37c a share.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
The Aluminium Federation of South Africa (AFSA), is the voice of the South African aluminium industry.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
