WA Kaolin signs three-year offtake deal
PERTH (miningweekly.com) – ASX-listed WA Kaolin has inked a three-year offtake agreement with a Vietnamese distributor.
Under the terms of the offtake agreement, WA Kaolin is to supply 4 500 t/y, with a minimum 2 500 t/y, for three years, starting in July of this year.
Pricing for the agreement will be competitive to the world kaolin market delivered on a cost and freight (CFR) basis, and pricing of at least the minimum quantity will be negotiated on a quarterly basis through mutual negotiation and agreement.
“This is excellent news for WA Kaolin and builds further momentum as we near commencement of production for Stage 1 at the Wickepin kaolin project,” said CEO Andrew Sorensen.
“Combining this with previous offtake agreements and letters of intent announced, we have now secured contracts covering 90% of our expected Stage 1 output, prior to production commencing.
“As we near the Stage 1 production milestone, WA Kaolin is also well placed for expansion with funding to accelerate certain elements of Stage 2 development to increase production to 400 000 t/y secured. We are now incredibly close to becoming a significant kaolin producer on the world stage in a strengthening global market environment for the resource.”
Full production at the Wickepin project is targeted for before the end of the second quarter of this year.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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