One of the main terms of the agreement is a separate contract for Altura for the supply of 44,000 dry metric tons containing 6% konspod concentrate at 6%, depending on the market price for 2020. Under the five-year contract, ioneer jinma will supply 105,000 tonnes of boric acid per year, or 9% of the world`s borat production in 2019 out of 1,155Mt. Chief executive Bernard Rowe said the deal with a large customer was an important step in the process. It will be a five-year contract between 2021 and 2025 and, for contract years, two to five (2022 to 2025) Altura`s annual minimum will be 60,000 tonnes of dry products. Altura Mining has been awarded a supplier contract and a multi-year acquisition contract with the world`s leading lithium company, China`s Hunan Yongshan Lithium. Australian lithium miner Altura Mining Ltd has entered into a binding acquisition agreement with Chinese lithium chemical producer Guangdong Weihua Corp, as the company announced on Thursday (August 1st). The agreement strengthens Altura`s relationship with Hunan Yongshan`s parent company, Shanshan, which owns 15.1% of Altura, making it the company`s second-largest shareholder. Work in progress is subject to confidentiality agreements and updates are made available to the public after notification. The proposed aspiration amounts to 5,000 tonnes per year for an initial period of five years. The price is set on a Chinese benchmark. Sichuan Yahua Industrial Group said late in the day that it had extended an agreement to purchase lithium concentrate from Australia`s listed Galaxy Resources for a period of three years until the end of 2025. The initial launch contract between Yahua and Galaxy, which operates the Spodumenmine Mt Cattlin in Western Australia, lasted five years between the beginning of 2018 and the end of 2022.
Emerging lithium-bore ioneer (ASX: INR) supplier has signed a firm acquisition agreement with Dalian Jinma Boron Technology Group Co Ltd with China`s Dalian Jinma Boron Technology Group Co Ltd to supply boric acid from Ioneer`s Rhyolite Ridge project in Nevada. (Kitco News) – Armadale Capital (LON:ACP), owner of the Mahenge Liandu graphite project in southeastern Tanzania, has signed an agreement with CoolRU, a Chinese high-tech company. « The safeguarding of this agreement is another important step in the commercialization of Mahenge Liandu, » johansen said. « We are now on Take-MOU with more than 70% of the expected annual graphite production and we expect further price loss agreements that will cover all of the planned production. This news comes at a time when the company is accelerating its transition from explorer to emerging graphite producer, while several important workflows are underway as part of the completion of the project`s DFS. As we have seen recently, Armadale will provide updates for the market when each major workflow is completed. Golden Dragon Capital Limited is helping companies enter China to sign an acquisition agreement that, in recent years, is increasingly likely to co-exist between development and finance companies willing to invest in the project. Lithium and boron are essential elements of a range of everyday objects, as well as emerging clean technologies such as electric vehicles and renewable energy. Altura will thus become a major supplier for the new lithium plant in Shanshan, with production capacity expected in the first phase of 25,000 tonnes of lithium carbonate equivalent (LCE). SGS Canada`s analysis also showed that the significant impurities in Rhyolite Ridge lithium carbonate are consistent with quantities below or below the quantities requested by customers. The offer will be based on prevailing market prices for similar quantities and qualities and will remain at a fixed price for the first six months of delivery, after which regular price adjustments will have to be negotiated in the market.