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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Macarthur Minerals Limited | TSXV:MMS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.065 | 0.07 | 0 | 13:41:56 |
Toowong, Australia -- April 15, 2019 -- InvestorsHub NewsWire -- Macarthur Minerals (TSX-V: MMS) (OTCQB: MMSDF) is proud to announce it has signed a binding life-of-mine offtake agreement with Glencore International A.G., one of the worlds largest globally diversified natural resource companies. The agreement is for the sale of iron ore, from the commencement of commercial production, to be produced from the Company's Iron Projects at Lake Giles in the Yilgarn region of Western Australia. The agreement has commercial terms for approximately 4 million tonnes per annum average for the first 10 years, with the option to extend for a following 10 years for all tonnes of future Lake Giles iron ore production.
Macarthur has also made further advancements in the commercialisation of its Iron Ore Projects with the recent announcement that it has entered into a negotiation Agreement with Aurizon, Australia's largest rail freight operator, to provide rail haulage services including the supply of rolling stock, for the purpose of transporting iron ore from the Project to the Port of Esperance.
For more information go to:
https://markets.businessinsider.com/commodities/iron-ore-price
Investor Cubed
Neil Simon, CEO
647-258-3310
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