Strandline signs rutile offtake agreement amidst global supply shortage

By Cameron Perks
Published: Wednesday, 03 October 2018

Strandline Resources has announced it has secured a binding offtake agreement for 100% of its rutile production with Industrial Minerals and Metals Ltd (IMMCO), and will use prevailing welding market prices as its sale price.

Australian Securities Exchange-listed Strandline Resources has secured a binding offtake agreement with Europe- and Asia-based company IMMCO for 100% of rutile produced at its flagship Fungoni Mineral Sands Project, located in Tanzania.

The sales agreement comes at a time when rutile availability is affected by supply tightness brought about predominantly...

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