Make Kitco Your Homepage

Tasmanian nickel mine to restart, Transamine secures offtake

Kitco News

KALGOORLIE, Aug 7 (Reuters) - Privately held Dundas Mining is restarting its Avebury nickel mine in Tasmania early next year and Swiss trading house Transamine has secured the offtake, a source familiar with the matter said on Tuesday.


Avebury, which had most recently been owned by China-backed MMG , was sold to Dundas last year and has been on care and maintenance since 2009.


The will produce around 7,000-8,000 tonnes of nickel and Transamine has secured offtake for the full amount, the person said. The concentrate will be sold into the battery and stainless steel markets.


The trading house will provide a line of finance in double digit millions of dollars, the person said.




(Reporting by Melanie Burton; Editing by Vyas Mohan)

+613 9286 1421; Reuters Messaging: melanie.burton.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News

RCM Collectables