https://www.engineeringnews.co.za

Doray gets offtake partner at Deflector

15th March 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Doray Minerals has signed a sales agreement with Sydney-based Lewer Corporation for the entire production of copper-gold middlings product processed at the Deflector mine, in Western Australia.

The copper-gold material will be shipped to Germany in two batches for sampling, assay and payment, with the first shipment due in Germany in late April.

A first provisional payment of A$10.75-million is due to be received by March 24.

Doray on Wednesday said the second and final remaining smaller batch of material was currently being produced at the Deflector mine, and was expected before the end of May.

At the completion of sampling, a second and final payment will be made to Doray to reconcile with agreed weight, grades and average prices of the contained gold.

Without releasing any of the contractual terms, Doray told shareholders the company expected the majority of payments to have been received by the end of June.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 2 hours 16 minutes ago By: Martin Creamer

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 26 April 2024
26th April 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:0.067 0.118s - 156pq - 2rq
Subscribe Now