Finance > Project-finance

Almonty seals C$500m tungsten offtake

Tungsten producer Almonty Industries (CN:AII) says it has struck the “single largest underwritten minimum revenue guaranteed supply agreement in the modern era in tungsten” after signing a 10-year, C$500 million (US$386 million) offtake agreement.

Staff reporter

Finance > Project-finance

Almonty seals C$500m tungsten offtake

Tungsten producer Almonty Industries (CN:AII) says it has struck the “single largest underwritten minimum revenue guaranteed supply agreement in the modern era in tungsten” after signing a 10-year, C$500 million (US$386 million) offtake agreement.

Staff reporter

Almonty seals C$500m tungsten offtake

Big deal over Sangdong mine in South Korea

The agreement will cover the concentrate to be mined and processed at Almonty's wholly-owned Sangdong tungsten mine in South Korea that is under development and expected to reach commercial production in the third quarter of 2019.