Applied Minerals snags $5m iron oxide contract

By Kasia Patel
Published: Wednesday, 04 November 2015

While the take-or-pay contract with an unnamed customer is on an exclusive basis, it refers only to the use of Applied Minerals' iron oxide in specialised catalyst applications, leaving the company free to sell additional iron oxide to other industries.

US-based Applied Minerals Inc. has entered into a take-or-pay contract for its technical grade iron oxides with a leading global industrial customer for use in a catalyst technology.

Applied Minerals will sell its Amiron iron oxides on an exclusive basis to the customer for five years, limited to the specialised...

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