https://www.engineeringnews.co.za

Trafigura to buy zinc and lead from Red River’s Thalanga

8th August 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Red River Resources has inked a zinc and lead offtake agreement over its Thalanga zinc project, in Northern Queensland.

The offtake agreement with Trafigura accounted for 122 000 t of zinc concentrate and 27 400 t of lead concentrate, with pricing to be determined by metal prices on the London Metal Exchange at the time of shipment.

The concentrate is expected to be shipped in the first 36 months following the start of commercial production at the Thalanga project.

“The execution of a zinc and lead concentrate offtake agreement with Trafigura is the culmination of a competitive process involving a number of leading trading and smelting companies,” said Red River MD Mel Palancian.

“The highly competitive nature of the process has allowed us to obtain outstanding offtake terms for both zinc and lead concentrates which will contribute to the success of Thalanga.”

Production at Thalanga is set to start in the second half of 2017. The project is expected to produce an average 21 400 t/y of zinc, 3 600 t/y of copper, 5 000 t/y of lead, 2 000 oz/y of gold and 370 000 oz/y of silver in concentrate over an initial five-year mine life.

Red River said on Tuesday that the offtake agreement was structured to help minimise the company’s working capital requirements for the Thalanga project.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.051 1.129s - 140pq - 2rq
Subscribe Now