Neometals signs MoU with China's Jiuxing for Barrambie Ti-V project
2021-04-19 09:16:23 [Print]
Australian-based Neometals has signed a memorandum of understanding (MoU) with China's Jiuxing Titanium Materials (Liaonging) over the Barrambie titanium-vanadium project in Western Australia.
According to the MoU, the firms will evaluate the framework and key commercial terms whereby Neometals will supply either a mixed or individual ilmenite (titanium) and iron-vanadium concentrates from the mine to the off-taker, Jiuxing.
Neometals plans to deliver 100t of mixed concentrate from the mine to Jiuxing for commercial-scale batch smelting in the December quarter this year.
Furthermore, Neometals plans to produce separate ilmenite and iron-vanadium concentrates by downstream processing mixed concentrates. Subject to satisfactory testing, Neometals and Jiuxing plan to negotiate and sign formal offtake deal.
Upon signing the deal planned by the first quarter of 2022, Neometals will supply 800,000tpa of mixed gravity concentrate or 500,000tpa of ilmenite and 275,000tpa of iron-vanadium concentrate from the mine to Jiuxing.
According to the MoU, the firms will evaluate the framework and key commercial terms whereby Neometals will supply either a mixed or individual ilmenite (titanium) and iron-vanadium concentrates from the mine to the off-taker, Jiuxing.
Neometals plans to deliver 100t of mixed concentrate from the mine to Jiuxing for commercial-scale batch smelting in the December quarter this year.
Furthermore, Neometals plans to produce separate ilmenite and iron-vanadium concentrates by downstream processing mixed concentrates. Subject to satisfactory testing, Neometals and Jiuxing plan to negotiate and sign formal offtake deal.
Upon signing the deal planned by the first quarter of 2022, Neometals will supply 800,000tpa of mixed gravity concentrate or 500,000tpa of ilmenite and 275,000tpa of iron-vanadium concentrate from the mine to Jiuxing.
Ilmenite Conc TiO2 50%min; Fe 30%min; In port China
Unit:RMB/mt
China titanium tetrachloride producers' sales to production ratio statistics by province by month
Unit: %
