Tertiary Minerals signs fluorspar offtake with Possehl
By IM Staff
Published: Thursday, 14 December 2017
Possehl will provide pre-financing to help develop Tertiary’s fluorspar projects in a deal that will see the trading company purchase the majority of Tertiary’s acidspar.
Global commodities trading group Possehl Erzkontor GmbH
& Co KG has signed a memorandum of understanding (MoU) with
Tertiary Minerals plc under which it will purchase acidspar
from Tertiary’s three fluorspar projects once
production starts.
Possehl will commit to buying a minimum of 70% of
commercial-grade acidspar under the agreement,...