Nyrstar Zinc Offtake

com - February 26 at 10:37 AM. Ascendant Resources Ships First Zinc Concentrate to Partners Nyrstar By Published: Feb 13 having met all required specifications in accordance with the 10-year offtake agreement between. We maintain a global presence. Nyrstar to sell Honduras mine Under the proposals Morumbi will pay US$500,000 in cash and enter an offtake agreement to sell of the mine's zinc and Mining Intelligence Comprehensive mining data Gathering and comparing data can be time consuming and overwhelming. When the transaction is complete in July 2017, Trevali will have annual zinc production of about 230,000 tonnes. Under the agreement, New Century will supply Nyrstar with 600,000 dry. The Company's sale of approximately 5,000 tonnes of zinc concentrate has left the Port of Cortes, Honduras, having met all required specifications in accordance with the 10-year offtake agreement between Ascendant and Nyrstar NV ("Nyrstar"). 26 March - New Century awards training contract to Waanyi Group The North West Star. The term sheet for offtake includes a variable tonnage allocation to Nyrstar of 250,000 dmt of zinc concentrate for the first 3. Bnamericas Published: Wednesday, December 30, 2015. 73 percent from 4. announced that it has signed a term sheet for a loan facility and offtake agreement with Trafigura Mexico SA de CV, a market leader in the global commodities industry, to sell 100 per cent of the lead and zinc concentrate produced at the Tahuehueto mine from Jan. Update Report eResearch Corporation: Exempt Market Dealer www. Great Panther also owns Coricancha, a gold-silver-copper-lead-zinc mine and 600 tonnes per day processing facility. 5 years, rising to 350,000 dmt for the final two years of the. 7% zinc and 12. Port Pirie is expected to contribute €40 million to company profits this year, according to Nyrstar. If there were an equivalent of hara-kiri in the corporate world, it would be the 500k tonnes zinc concentrate contract that Nyrstar and Trafigura signed in November 2015. Nyrstar's Langlois mine in Canada will cease production in December due to rock conditions having deteriorated to an extent to which the company considers it uneconomic, the company said in a. (CercleFinance. Importantly, IBG has a supportive shareholder base with Nyrstar and Glencore holding 19% and 9% respectively. 1 zinc producer Nyrstar. 5 year offtake agreement covering 600,000 dmt of zinc concentrate produced from the Century Zinc Mine in Australia. Que River ore is nowdays sold about the near by Rosebery Plant under an Ore Sales Covenant with the plant's owner/operator, MMG Australia. Advised Nyrstar on a high-value dispute with Century Mining Limited relating to legacy offtake agreements, as well as commercial arrangements. "The clearance is conditional on the termination of Glencore's off-take arrangements for zinc metal in the European Economic Area with Nyrstar, the world's largest zinc metal producer, and the. Morumbi Resources Inc. To reduce the impact on a downstream position (e. 1mt zinc metal LTM1. Manage a team of logistics executives to run a complex off-take agreement from a leading European Zinc provider and manage spot purchases including material shipped in bulk. Once the and Laguna have also entered into an Brown Range has a Total Mineral Re- transaction is complete, Huatai Mi- off-take agreement pursuant to which source estimate of 8. 6m notes for cash and scrip. Nyrstar also retains the right to receive a Variable Purchase Price on future zinc production on the first 10 million tons of ore processed by Telson at the Campo Morado Mine when the price of zinc is at or above US $2,100 per tonne. Skorpion's underground possibilities are not looking viable. When the transaction is complete in July 2017, Trevali will have annual zinc production of about 230,000 tonnes. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. As part of the Transaction, Nyrstar and Laguna have also agreed to enter into an off-take agreement pursuant to which Laguna will sell to Nyrstar 100% of the zinc concentrate production from El Toqui for the initial four year period following the closure of the Transaction and 85% of the zinc concentrate production thereafter. 10-year offtake agreement for Zinc and Lead concentrates with Nyrstar Average Zn Eq production of 90MM lbs p. 7 million ounces of silver. Nyrstar NV ("Nyrstar") and New Century Resources Limited ("New Century") are pleased to announce the execution of a binding term sheet for a new 5. * Transamine trades ores and concentrates from zinc, copper, lead, tin, lithium, cobalt, nickel and precious metals * New Century Resources added that Belgium-based Nyrstar, a global multi-metals business, had filed an arbitration request regarding offtake rights for the Century Zinc Mine. For Trafigura, the Nyrstar relationship represented a chance to challenge its arch-rival and industry leader Glencore Plc in the zinc market. The majority of supply for these smelters is provided by North American zinc operations. Between incorporation and June 2005: They raised $1M. Terms of the offtake remain confidential but are highly attractive to both parties. is a Canadian mining exploration and royalty company with a portfolio of advanced properties comprising gold, copper, zinc, silver, uranium,. 35 target price. A 5-year off-take contract has been signed with the regional power supply Nyrstar, for all [] zinc and lead concentrates produced from the Fossey mine. Commenting on the offtake agreements, New Century Managing Director Patrick Walta said:. Nyrstar agreed to suspend the arbitration proceedings against New Century that were commenced earlier in February 2018 relating to the validity of historical Century Zinc Mine offtake agreements between the parties dating back to 2007. 3 Million Tonnes of Inferred. Production: 5% NSR. Glencore also controls (i) Pacorini, an owner of London Metal Exchange. We maintain a global presence. 10/lb (> 20% increase) • Even after several large zinc mine closures and with a lack of new foreseeable supply the zinc price trades well below its 10 year average. Nyrstar May 2012 – April 2016 4 years. Nyrstar has transitioned the zinc metal volumes that were previously to be provided to Noble until the end of 2016 into the zinc metal offtake agreement that exists with Trafigura with market based terms and a prepayment mechanism. Nyrstar suspended production in January 2015 and the mine was placed on care and maintenance. The mission of zincstocks. The zinc processor will purchase all of the power via a direct line between the solar park and its technical facilities. In the June call with investors, Nyrstar CEO Rode said decisions about the zinc offtake agreement were made independently. 45 % Zinc+Lead Over 8. 9% stake in Ironbark via A$6. In addition, Glencore International Plc (GLEN:LSE), Nyrstar (NYR:BSE) and others have made significant production cutbacks. 6m notes for cash and scrip. Glencore, which owns just less than 8 percent of Nyrstar, extended its offtake deal with. On November 15, 2010, Farallon announced that it has entered into a support agreement with Nyrstar, the world's largest zinc producer, pursuant to which Nyrstar has agreed to make an all-cash. Telson's Tahuehueto Project, located in north-western Durango State, Mexico and its recently acquired Campo Morado Mine in Guerrero, Mexico purchased from Nyrstar Mining are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. The slide in base metals continued in Q4 2015 as a result of the economic slowdown and decline in manufacturing activities in China. 5 years, rising to 350,000 dmt for the final two years of the. + An offtake agreements for 100% of the production of zinc and lead concentrates with a minimum fixed tonnage, starting delivery in October 2017 and ongoing until December 2021 This funding enabled the restart of mining and mineral processing at Campo Morado mine. Nyrstar: 2017. 6M placement, • Ironbark agrees to grant Nyrstar a life of mine off-take agreement in relation to 35% of the production from the Citronen deposit in Greenland, • Nyrstar believes the Citronen zinc-lead project has the potential to become one of. Last week Trevali raised the 2016 zinc output guidance at 100%-owned Santander, in production since early 2014, following record output in the second quarter. Nyrstar also has a right of first refusal, on the same commercial terms and conditions offered by an arm's length third party to enter into an offtake agreement for the purchase of zinc concentrates. Terms of the offtake remain confidential but are highly attractive to both parties. The company was formerly known as Attila Resources Limited and changed its name to New Century Resources Limited in July 2017. We have the knowledge on the ground to source metals swiftly and cost-effectively from around the world. This new contract commences on 1 January 2019,” Nyrstar said in a statement to Metal Bulletin. Nyrstar shall also have a right of first refusal, on the same commercial terms and conditions offered by an arm's length third party to enter into an offtake agreement (the "Offtake Agreement. 5-year offtake agreement covering 600,000 dry metric tonnes (dmt) of zinc concentrate results in Nyrstar suspending arbitration proceedings. The company operates in Metals Processing. The project is considered to be one of the world's largest undeveloped zinc/lead resources, with more than 13-billion pounds of contained zinc and lead metal. closure of the Zinc Plant. Nyrstar, the world's largest zinc producer, intensifies its zinc mine roll-up strategy, with Farallon next on the hit list. The offtake agreements have been competitively negotiated , with terms reflecting the strong zinc market fundamentals and current scarcity in supply of large tonnage zinc concentrate offtake available around the world. Ascendant Resources Ships First Zinc Concentrate to Partners Nyrstar By Published: Feb 13 having met all required specifications in accordance with the 10-year offtake agreement between. Nyrstar and Glencore have already signed offtake agreements to take around one third of total concentrate production and are sitting on Ironbark’s register with 19% and 9% respectively. Nyrstar, which has long been an offtaker of Century concentrate will receive 250,000. Candidates to take over the offtake include rival traders Trafigura. The London Metal Exchange (LME) lead market was roiled in early June by news of an unplanned outage at the Port Pirie lead smelter in Australia. See the complete profile on LinkedIn and discover Rendy’s connections and jobs at similar companies. 5 years, rising to 350,000t for the final two years of the agreement. The Citronen zinc project is considered to be at an early development stage and will require further regulatory approvals and securing of finance and there is no certainty that these will occur. Nyrstar, New Century Sign Long-term Zinc Concentrate Offtake. METALS-London zinc climbs for 4th day as inventories slide Nyrstar-Trafigura Zinc Concentrate Contracts Set at 25% of 2018. As the zinc mine shutdowns cause supply limitations, and warehouse inventories start to peter out, market prices will have to rise. Nyrstar owns a string of zinc and lead refineries and mines around the world, but its debt has become increasingly burdensome in recent months amid a decline in the zinc price. As time has progressed, the majors have divested a number of these positions, and so Bluescope, Constellium, Scaw Metals and their peers were reborn. Under the agreement, New Century will supply Nyrstar with 600,000 dry. 26 March - New Century awards training contract to Waanyi Group The North West Star. In the final months of the year, zinc prices came down from historic highs seen in Q3. June 27 (Reuters) - Nyrstar NV NYR. , refining or fabrication) from the market supply cycle (i. Morumbi Resources Inc. Skorpion's underground possibilities are not looking viable. The EC said it was notified of the proposed transaction on October 26. For the year, zinc prices have increased over 20 percent, which is nothing to sniff at. ) (Nyrstar NV, 2007, undated). Commenting on the offtake agreements, New Century Managing Director Patrick Walta said:. 7 million ounces of silver. On November 15, 2010, Farallon announced that it has entered into a support agreement with Nyrstar, the world's largest zinc producer, pursuant to which Nyrstar has agreed to make an all-cash. Börsentägliche News, Interviews und Analysen zu Rohstoffaktien aus aller Welt. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. Candidates to take over the offtake include rival traders Trafigura. Nyrstar takes stake in Ironbark for $7m | Business News. BR : Sale of the El Toqui mine for a total cash consideration of USD 25 million and price participation Entered into a share purchase agreement to sell its El Toqui mine in Chile to Laguna Gold Limited. As the zinc mine shutdowns cause supply limitations, and warehouse inventories start to peter out, market prices will have to rise. Nyrstar-Trafigura Zinc Concentrate Contracts Set at 25% of 2018. • Nyrstar to acquire up to 19. 04 percent holding in Nyrstar, a zinc smelting and mining company listed in Brussels and secured the nomination of two new directors to the company's board. Numerous companies worked on copper and nickel projects that were to produce cobalt (table 8). The deal with the Belgian company was extended last year and is due to expire in 2018. June 27 (Reuters) - Nyrstar NV NYR. Morumbi Resources Inc. , refining or fabrication) from the market supply cycle (i. Nyrstar NV ("Nyrstar") and New Century Resources Limited ("New Century") are pleased to announce the execution of a binding term sheet for a new 5. "Nyrstar was not in a strong position at the end of 2015," said Rode. 1 producer Nyrstar to win EU approval for its $33 billion (20. Toho's deal over the Rasp deposit would give it the rights to all of the offtake for the entire life of the operation. I am a very responsible and hardworking person who works well in normal conditions or under pressure, and enjoys a challenge. Nyrstar agreed to suspend the arbitration proceedings against New Century that were commenced earlier in February 2018 relating to the validity of historical Century Zinc Mine offtake agreements between the parties dating back to 2007. Trafigura is also marketing Nyrstar zinc in the United States and Europe. 13—El Toqui; and $0. I am capable of working as part of a team or independently using my own initiative to tackle any tasks which I am given. Ensure transport is coordinated in compliance with Nyrstar environment and safety requirements. Ironbark Zinc Limited is a leading ASX listed resources company focused on delivering shareholder value through the development of its major base metal Citronen mining operation in Greenland. This is effectively part of the treatment fee and is usually higher for lower grades. Nyrstar is the worlds largest zinc metal producer and one of the worlds largest primary lead smelting and refining companies. The company explores for zinc, lead, silver, and coking coal deposits. A global leader in zinc: Nyrstar is one of the world's largest zinc smelting companies based on production volumes. Rendy has 6 jobs listed on their profile. Telson reports final sale results from its industrial scale bulk sample generating cash receipts of USD $1,470,449 producing 201 tonnes of lead and 259 tonnes of zinc concentrates. SteelGuru 23d. MOFCOM orders extraterritorial divestiture of key mining asset in Glencore/Xstrata merger: lessons for future notifications stake in the world’s largest zinc smelter, Nyrstar, and the. Galileo Resources Plc (GLR. Nyrstar grew too fast and too aggressively and as the zinc price didn't cooperate either, Nyrstar was heading for a disaster. has achieved a progress milestone for the acquisition of the El Mochito zinc mine in Honduras from affiliates of Nyrstar NV. The offtake agreement includes a variable tonnage allocation to Nyrstar of 250,000t of zinc concentrate for the first 3. Headquartered in Belgium, this €2. Sources: 1. As time has progressed, the majors have divested a number of these positions, and so Bluescope, Constellium, Scaw Metals and their peers were reborn. To reflect its core focus on zinc and the Citronen Project, the company changed its name to Ironbark Zinc in November 2009. "Nyrstar was not in a strong position at the end of 2015," said Rode, who plans to leave the company at the end of this month. Nyrstar is building its marketing and trading team with a view to sell, buy and trade zinc concentrate and a portion of the 350,000 tonnes per year of Nyrstar's European zinc metal, he said. Candidates to take over the offtake include rival traders Trafigura. The Company is nearing finalisation of the BFS, which is expected to be completed during Q3 2019. The zinc processor will purchase all of the power via a direct line between the solar park and its technical facilities. Ascendant Resources Ships First Zinc Concentrate to Partners Nyrstar By Published: Feb 13 having met all required specifications in accordance with the 10-year offtake agreement between. Glencore, which owns just less than 8 percent of Nyrstar, extended its offtake deal with. The zinc processor will purchase all of the power via a direct line between the solar park and its technical facilities. The Rampura Agucha lead-zinc mine, located in Gulabpura, District Bhilwara in the State of Rajasthan produced 55. (38) Nickel reserve price was calculated by the operator at the following price per pound: $6. 63 % ning will become Northern Minerals’ Laguna will sell to Nyrstar 100 % of TREO comprised of 56,663,000 kg largest shareholder. During 2014, the mine processed 657,000 tons of ore with an average grade of 1. The Company’s sale of approximately 5,000 tonnes of zinc concentrate has left the Port of Cortes, Honduras, having met all required specifications in accordance with the 10-year offtake agreement between Ascendant and Nyrstar NV (“Nyrstar”). has achieved a progress milestone for the acquisition of the El Mochito zinc mine in Honduras from affiliates of Nyrstar NV. com SOUTH ACIFIC CONTENTS • Case study: Nyrstar redevelopment project, page 1 • Conferences and seminars, page 3 • Product news and webinar, page 4 • 5 Signs you need to review froth crowding in your float cells, page 5. Nickel and zinc were down 15% and 16% respectively, while lead gained 8% on the LME over Q4 2015. is a Canadian mining exploration and royalty company with a portfolio of advanced properties comprising gold, copper, zinc, silver, uranium,. The offtake agreement includes a variable tonnage allocation to Nyrstar of 250,000t of zinc concentrate for the first 3. Nyrstar "is an integrated mining and metals company with established positions in zinc and lead and growing positions in other base and precious metals. The offtake agreements have been competitively negotiated, with terms reflecting the strong zinc market fundamentals and current scarcity in supply of large tonnage zinc concentrate offtake. 5 year offtake agreement covering 600,000 dmt of. Gold Zinc Copper Silver Financing Suspensions Show 1 More Hide 1 Topics. In the case of Zinc India operations, where we have integrated operations from production of zinc ore to zinc metal, cost of production before by-product revenue is the cost of extracting ore and conversion of the ore into zinc metal ingots. 45 % Zinc+Lead Over 8. + An offtake agreements for 100% of the production of zinc and lead concentrates with a minimum fixed tonnage, starting delivery in October 2017 and ongoing until December 2021 This funding enabled the restart of mining and mineral processing at Campo Morado mine. * Transamine trades ores and concentrates from zinc, copper, lead, tin, lithium, cobalt, nickel and precious metals * New Century Resources added that Belgium-based Nyrstar, a global multi-metals business, had filed an arbitration request regarding offtake rights for the Century Zinc Mine. The offtake agreement includes a variable. 5 year offtake agreement with Nyrstar Sales and Marketing for zinc concentrate produced from the Century zinc mine. Simon has 5 jobs listed on their profile. Canadian Malartic. of the Sesa Sterlite Group’s total mined metal in zinc and lead concentrate in fiscal 2012 and its zinc and lead metal content constituted 70. ("Telson" or the "Company") (TSX Venture - TSN. Another option would be for Glencore to review its offtake deal with world No. Nyrstar NV ("Nyrstar") and New Century Resources Limited ("New Century") are pleased to announce the execution of a binding term sheet for a new 5. announced that it has signed a term sheet for a loan facility and offtake agreement with Trafigura Mexico SA de CV, a market leader in the global commodities industry, to sell 100 per cent of the lead and zinc concentrate produced at the Tahuehueto mine from Jan. MRI, majority-owned by Singaporean logistics company CWT Ltd , is not the only company to have expressed interest in the offtake for 350,000 tonnes a year of Nyrstar’s European zinc. Nyrstar agreed to suspend the arbitration proceedings against New Century that were commenced earlier in February 2018 relating to the validity of historical Century Zinc Mine offtake agreements between the parties dating back to 2007. used its influence at Nyrstar NV, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar. 36 Buy – $0. To reduce the impact on a downstream position (e. 8% share in the Belgium-based enterprise. Nyrstar has transitioned the zinc metal volumes that were previously to be provided to Noble until the end of 2016 into the zinc metal offtake agreement that exists with Trafigura with market based terms and a prepayment mechanism. We advised a Swiss offtaker on the first project financing and offtake agreement for the Kouilou Potash Project, a proposed US$412 million development. used its influence at Nyrstar NV, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar. Mineweb reported that by the end of next month, Nyrstar NV (EBR:NYR), the largest zinc producer in the world, will team up with at least one partner to sell output valued at $650 million per year. whiteoutotec. Ending the agreement with Nyrstar would free up 350,000 tonnes of zinc metal to consumers, the person said. Nyrstar bezüglich sämtlicher Zink- und Bleikonzentrate, die bei der Mine Fossey produziert werden. As part of the sale, Nyrstar and Laguna have also entered into an offtake agreement whereby Laguna will sell to Nyrstar all of the zinc concentrate production from El Toqui for the coming four year period and 85% of the zinc concentrate production thereafter. ABB robots have helped reduce zinc ingot rejects by 60% at the Nyrstar smelter in Tasmania while at the Boddington Gold Mine expansion project, ABB have successfully commissions the world’s largest high pressure grinding roll (HPGR) drive system. 7 million ounces of silver. For Trafigura, the Nyrstar relationship represented a chance to challenge its arch-rival and industry leader Glencore Plc in the zinc market. com - February 28 at 3:55 PM: Nyrstar and New Century Resources announce binding term sheet for long term zinc concentrate offtake finance. Nyrstar, which has long been an offtaker of Century concentrate will receive 250,000. " El Mochito Overview The El Mochito mine, located in north-western Honduras, approximately 88 kilometres south-west of San Pedro Sula and 220 kilometres north-west of the capital city, Tegucigalpa, has. Currently, Glencore is the largest supplier of zinc metal in the EEA on the basis of an exclusive off-take agreement with Nyrstar, an off-take relation for some of Xstrata's EEA output, production from Glencore's own smelter in Italy and imports. The term sheet for offtake includes a variable tonnage allocation to Nyrstar of 250,000 dmt of zinc concentrate for the first 3. Glencore, which owns just less than 8 percent of Nyrstar, extended its offtake deal with. • Zinc is transported to Hobart, Lead to Port Pirie, Copper on the open market and Gold Doré to Perth Mint. The term sheet for offtake includes a variable tonnage allocation to Nyrstar of 250,000 dmt of zinc concentrate for the first 3. • Nyrstar to acquire up to 19. Telson's Tahuehueto Project, located in north-western Durango State, Mexico and its recently acquired Campo Morado Mine in Guerrero, Mexico purchased from Nyrstar Mining are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. 90/lb to ~US$1. Nyrstar key for Trafigura zinc and lead book In the other corner is Trafigura, which took a $72 million writedown on its equity stake in Nyrstar when announcing 2018 results last December, but Nyrstar plays an important role in the trader's metals book as a major offtake partner buying in concentrates and providing zinc and lead for Trafigura. Nyrstar and Glencore have already signed offtake agreements to take around one third of total concentrate production and are sitting on Ironbark’s register with 19% and 9% respectively. Nyrstar is an integrated mining and metals business with market leading positions in zinc and lead, and growing positions in other base and precious metals; Nyrstar has mining, smelting, and other operations located in Europe, Australia, and North America. Terms of the offtake remain confidential but are highly attractive to both parties. On July 4, contracts were also signed with Nyrstar Belgium. Angas Zinc Mine 100% Terramin owned and operated A 400,000 tpa operation producing zinc and lead-copper-silver-gold concentrates. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. Nyrstar has transitioned the zinc metal volumes that were previously to be provided to Noble until the end of 2016 into the zinc metal offtake agreement that exists with Trafigura with market based terms and a prepayment mechanism. The binding term sheet includes a variable tonnage allocation to Nyrstar of 250,000dmt of zinc concentrate for the 1st 3. 35 target price. Nyrstar and New Century Resources executed a binding term sheet for a new 5. The agreement includes a variable tonnage allocation of 250 000 dmt of zinc concentrate for the first 3. In Case COMP/M. In connection with Nyrstar's revised corporate and commercial strategy, announced at the beginning of 2009, of expanding upstream into mining both to secure raw material for its smelters and to gain exposure to the more profitable part of the zinc value chain:. 5 164k/36k 305k Q3 2016 US$580 65:35 with Algeria govt 75% debt from Algerian bank. Producing Royalties, Streams & Offtakes: 1. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250 Index. 90/lb to ~US$1. 26 March - New Century awards training contract to Waanyi Group The North West Star. Globex Mining Enterprises Inc. 350,000t for offtake during 2019. Leading Corporate Development for mining and metals company Nyrstar, the world's largest zinc producer. The Citronen zinc project is considered to be at an early development stage and will require further regulatory approvals and securing of finance and there is no certainty that these will occur. ("Telson" or the "Company") (TSX Venture – TSN. * Trafigura, Traxys in the running for zinc offtake deal with Nyrstar * Deal could cost them about $700 million a year at current prices * Deal seen as rare, long-term opportunity to secure zinc. 2009 -- A Sterling Year for Silver. 5 years, rising to 350,000t for the final two years of the agreement. —Indium was produced at PPM Pure Metals GmbH (Langelsheim) and Norddeutsche Affinerie AG (Hamburg). The net cash benefit for Nyrstar from the new zinc. Nyrstar had put about $500 million, including acquisition costs, into the project and sold it to us for $20 million. As the zinc mine shutdowns cause supply limitations, and warehouse inventories start to peter out, market prices will have to rise. Zinc, Lead and Minor Metals (Asia) at Nyrstar Hong Kong Offtake Contracts and Master Sales Purchase. For the year, zinc prices have increased over 20 percent, which is nothing to sniff at. CALGARY, Nov. ASX-listed zinc miner New Century Resources has signed a new five-and-a-half-year zinc concentrate offtake agreement with Nyrstar Sales & Marketing. Nyrstar suspended production in January 2015 and the mine was placed on care and maintenance. Nyrstar takes stake in Ironbark for $7m | Business News. Zürich Area, Switzerland. See the complete profile on LinkedIn and discover Simon’s connections and jobs at similar companies. Galileo Resources : Update on Offtake Agreement for Star Zinc ore. Jubilee Metals Share Chat. Commenting on the offtake agreements, New Century Managing Director Patrick Walta said:. Which gurgler? And here’s the rub: Australia, almost alone, is trying to keep us on a coal-fired track. The binding term sheet includes a variable tonnage allocation to Nyrstar of 250,000dmt of zinc concentrate for the 1st 3. Through an existing commercial offtake agreement, Trafigura has access to 150,000 tonnes of lead ingots produced at the smelter each year. The mission of zincstocks. The revised annual report confirmed the zinc concentrate contract between Trafigura and Nyrstar was not at arm's length. Telson's Tahuehueto Project, located in north-western Durango State, Mexico and its recently acquired Campo Morado Mine in Guerrero, Mexico purchased from Nyrstar Mining are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. North AmericA US US cfr prices are stable with no new deals noted this week. Le marché craint qu'il ne puisse rembourser la prochaine grosse échéance. ASX-listed zinc miner New Century Resources has signed a new five-and-a-half-year zinc concentrate offtake agreement with Nyrstar Sales & Marketing. Nyrstar "is an integrated mining and metals company with established positions in zinc and lead and growing positions in other base and precious metals. In the June call with investors, Nyrstar CEO Rode said decisions about the zinc offtake agreement were made independently. The term sheet for offtake includes a variable tonnage. The mine will reprocess tailings from the Century Tailings Deposit, which has been assessed to hold proved ore reserves of 2. As part of the completed sale, Nyrstar and Morumbi have also entered into an off-take agreement pursuant to which Morumbi will sell to Nyrstar 100% of the zinc and lead concentrate production from El Mochito for the coming ten year period at benchmark terms. 5-year offtake agreement covering 600,000 dry metric tons (dmt) of zinc concentrate produced from the Century zinc mine in Australia. Manage a team of logistics executives to run a complex off-take agreement from a leading European Zinc provider and manage spot purchases including material shipped in bulk. Join LinkedIn Summary. Trafigura has consistently said that it invested in Nyrstar because of its positive view of the zinc market and supported the company’s strategic plans. At present, Nyrstar buys the lead from Endeavor and Toho buys the zinc. This transaction concerned the public bid for the mining firm Xstrata by its principal shareholder, Glencore. Hallgarten & Company LLC Tel: (44) 1962 713 156 Page 6 backwash from the travails at Talvivaara the Finnish nickel/zinc/uranium miner, that has an offtake contract with Nyrstar for its zinc component. (CercleFinance. current SAP process so that our copper off-take agreement could. 5 years, rising to 350,000t for the final two years of the agreement. The revised annual report confirmed the zinc concentrate contract between Trafigura and Nyrstar was not at arm's length. BOOM zinc stock New Century Resources has unveiled long-term offtake agreements with commodity traders for production from its planned development, while at the same time revealing it is in dispute with mining and smelting group Nyrstar regarding an offtake agreement signed in 2007. * Transamine trades ores and concentrates from zinc, copper, lead, tin, lithium, cobalt, nickel and precious metals * New Century Resources added that Belgium-based Nyrstar, a global multi-metals business, had filed an arbitration request regarding offtake rights for the Century Zinc Mine. "Nyrstar was not in a strong position at the end of 2015," said Rode. Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. Glencore also had to undertake not to purchase any zinc from Nyrstar for a period. Skorpion's underground possibilities are not looking viable. Financing deals similar to those in the aluminum market have kept a substantial amount of zinc inventories locked in, underpinning current premium levels at around US$0. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki. The company entered into offtake agreements with Glencore International AG (Baar, Switzerland) that allowed for the payment of indium once commercial quantities of the metal had been demonstrated within the concentrates (Alexco Resource Corp. has received conditional approval from the TSX. This approach is unique. by agreeing to end a zinc sales deal with Belgian producer Nyrstar. CM Partnership (Agnico Eagle,Yamana) Canada. Ironbark Zinc Limited is a leading ASX listed resources company focused on delivering shareholder value through the development of its major base metal Citronen mining operation in Greenland. Nyrstar grew too fast and too aggressively and as the zinc price didn't cooperate either, Nyrstar was heading for a disaster. Contact: Michael DiRienzo +1 (202) 835-0185. The term sheet for offtake includes a variable tonnage. 82/lb based on cost savings program Stable metal recovery rates with long track record of operation 2017 exploration program initiated with 33,200 m of planned. Rendy has 6 jobs listed on their profile. The aspiring miner has now executed four offtake agreements for Century zinc concentrate, representing around 75 per cent of its production forecast in the first 3. Nyrstar announced this week that it has entered into an offtake agreement with New Century Resources, covering 600,000 dmt of zinc concentrate produced from the company's Century Zinc Mine. The EC said it was notified of the proposed transaction on October 26. **Glencore Cancels Nyrstar Zinc Deal** After the Anglo-Swiss company gave up the off-take contract with Nyrstar, rivals are salivating at the prospect of the deal coming up for grabs. • MMG have exported some quantities of zinc concentrate in the past when Nyrstar offtake fell below production. Nyrstar, the world's largest zinc producer, will announce this autumn who will get the rights to sell a portion of its output worth an estimated $645 million a year. Still, Nyrstar plays an important role in the trader’s metals book as a major offtake partner buying in concentrates and providing zinc and lead for. The European Commission on Thursday gave a conditional green light to the massive tie-up between Swiss mining giant Xstrata and commodities trader Glencore that would create a global leader. As disclosed in Nyrstar's 2015 Mineral Resource and Mineral Reserve Statement dated April 27, 2016, the 2,300 tonne per day operation sees ore crushed and milled before undergoing standard flotation to produce a zinc-silver concentrate as well as a lead-silver concentrate. 7 million with a new zinc metal prepay for USD 125 million. But that assumed lead and zinc prices, which Nyrstar claimed were 10 to 12. com D an s le secteur zinc , n ous a vo ns annoncé notre intention de réduire la produ ct ion d e zinc b rut d e 130 000 tonnes et de nous concentrer sur. current SAP process so that our copper off-take agreement could. Beau (Based in Perth, Australia) is a Geologist and Principal Consultant for Sahara Natural Resources. 4 billion pounds. Nyrstar produces zinc in concentrate from its mining operations and a variety of refined market zinc products including special high grade zinc (SHG), zinc galvanising alloys, and zinc die-casting alloys as an outcome of its zinc smelting process. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. For Trafigura, the Nyrstar relationship represented a chance to challenge its arch-rival and industry leader Glencore Plc in the zinc market. 5-year offtake agreement covering 600,000 dry metric tons (dmt) of zinc concentrate produced from the Century zinc mine in Australia. V) is very pleased to announce it has entered into a Loan Facility and Offtake. - Future options with suspension of activities at Avebury nickel, Sepon Copper and other projects. Nyrstar, the world’s second largest zinc smelter, has filed an arbitration request to the operator of Century Zinc mine to enforce “long-standing Life of Mine agreements” for the offtake of. purchased from Nyrstar Mining are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. L) Announced that it has acquired the Kabwe Residual Rights, which includes the Kashitu Zinc willemite (a) prospect (Kashitu Zinc), and the Sale Shares: being the 15% of the shares in the company’s subsidiary Enviro Zambia Limited that it previously did not own. Telson Resources Inc. 3 Million Tonnes of Inferred. —Nyrstar’s Clarksville electrolytic zinc refinery in Montgomery County produced Special High Grade (SHG) zinc metal and galvanizing alloys as well as a number of byproducts including cadmium metal, intermediate copper cementate, leach product, synthetic gypsum, and sulfuric acid. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki. The term sheet for offtake includes a variable tonnage. Nyrstar NV ("Nyrstar") and New Century Resources Limited ("New Century") are pleased to announce the execution of a binding term sheet for a new 5. Risposta di Viviane Reding a nome della Commissione (18 dicembre 2012) Gli Stati membri sono tenuti a prendere in considerazione i risultati della valutazione della Commissione (4) nel mettere in atto le misure previste. “Nyrstar Assets” means the A similar process will apply if the Seller intends to enter into any long- term offtake arrangement for the sale of lead and zinc. In the June call with investors, Nyrstar CEO Rode said decisions about the zinc offtake agreement were made independently. com Newswire) Three of the most important metals surged on Wednesday due to a signal from the US President that he may not escalate the trade war with China. The Belgian producer said spot TCs have continued to dip year to date because of reduced availability of zinc concentrate. Nyrstar NV ("Nyrstar") (EBR:NYR) and New Century Resources Limited ("New Century") (ASX:NCZ) are pleased to announce the execution of a binding term sheet for a new 5. Nyrstar-Trafigura Zinc Concentrate Contracts Set at 25% of 2018. ("Telson" or the "Company") (TSX Venture – TSN. But it is important to look at the zinc cost curve, which is very flat compared to the copper cost curve. Numerous companies worked on copper and nickel projects that were to produce cobalt (table 8). Nyrstar key for Trafigura zinc and lead book In the other corner is Trafigura, which took a $72 million writedown on its equity stake in Nyrstar when announcing 2018 results last December, but Nyrstar plays an important role in the trader's metals book as a major offtake partner buying in concentrates and providing zinc and lead for Trafigura. 9% stake in Ironbark via A$6. Que River ore is nowdays sold about the near by Rosebery Plant under an Ore Sales Covenant with the plant's owner/operator, MMG Australia. Nyrstar "is an integrated mining and metals company with established positions in zinc and lead and growing positions in other base and precious metals. Ending the agreement with Nyrstar would free up 350,000 tonnes of zinc metal to consumers, the person said. 01, 2019 - Husky Energy (TSX:HSE) has closed the sale of its 12,000 barrel-per-day Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million. The shape of zinc ingots and quality are additional criteria limiting the choice of suppliers. The reduction relates to a decision to opportunistically process more third party sulphide material, in preference to own source oxide material. 8% minority shareholding in the company. 5 years, rising to 350,000dmt for the final 2-years, about. Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. • MMG have exported some quantities of zinc concentrate in the past when Nyrstar offtake fell below production. Nyrstar and New Century Resources announce binding term sheet for long term zinc concentrate offtake. Ascendant Resources: Riding Zinc Higher “We have a ten-year industry standard off-take agreement with Nyrstar and a fully operating mine.