ASX-listed Lindian Resources has inked its maiden sales and purchase contract with global commodities trader Gerald Metals. Under the terms of the agreement, Lindian will supply 45 000 t/y of monzanite concentrate from the Stage 1 development of the Kangankunde rare earths project in Malawi. The contract will run for a period of 60 months from the start of commercial production, and could be extended by a further two years, in 12 month increments.
PERTH – ASX-listed Lindian Resources has inked its maiden sales and purchase contract with global commodities trader Gerald Metals.
The monthly and annual quantities represented around 4-% of the monzanite concentrate produced at Kangankunde. The terms of the facility would be negotiated separately, and would be subject to financing agreements and a proposed security package over Kangankunde’s mined ore stockpiles.
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