Mayur revises Shinebest offtake deal

MAYUR Resources says it has signed an offtake agreement with titanium pellet producer Qingdao Shinebest for the sale of vanadium titano-magnetite product from the Orokolo Bay iron and industrial sands project in Central Province.
Mayur revises Shinebest offtake deal Mayur revises Shinebest offtake deal Mayur revises Shinebest offtake deal Mayur revises Shinebest offtake deal Mayur revises Shinebest offtake deal

Staff Reporter

The deal is conditional upon entering operations by June 30, 2023, and a subsequent trial shipment of  30,000 tonnes performing to the satisfaction of Shinebest.
 
Mayur MD Paul Mulder said his company was pleased to have revised the deal with Shinebest for about 60% of planned production from Orokolo.
 
"The execution of this agreement with Shinebest provides investors, financiers and other stakeholders, future revenue certainty in continuing to progress the projects construction plans, with funding partners in the private and public space," Mulder said.
 
The full announcement appears at this address: https://bit.ly/3uo8plJ

topics

loader