Now, all of Prospect`s Petalite final feasibility study for the first seven years is covered by taketake agreements. The seven-year contract provides for up to 100,000 tonnes of high-quality, ultra-low iron pedal concentrate per year. Core Lithium Ltd (ASX:CXO) was announced for a major purchase agreement and was halted by ASX. This is the third agreement implemented under the Taketake programme, which covers the distribution of K-Brite via Asia, excluding China. Chief executive Sam Hosack is pleased to have signed a buyout agreement with Sibelco. “Sibelco is the largest distributor of ultra-low iron pertalites in Europe and perhaps in the world, and we believe this is the largest contract to remove the ultra-low iron pedal ever signed,” he said. Australian Potash recently signed a binding long-term agreement with Mitsui-Co Ltd (TYO:8031) for the annual delivery of 30,000 tonnes of premium K-Brite sulphate sulphate (SOP) from its Lake Wells SOP (LSOP) project in Western Australia. African lithium developer Prospect Resources (PSC) has secured a new long-term customer partner based in Belgium for its lithium project Arcadia, on the outskirts of Harare, Zimbabwe. As part of this process, Allion Altura also supported negotiations on the termination of the buyout agreement with Shaanxi J-R Optimum Energy and the agreed modification of the existing acquisition agreement with Lionergy Limited. Matt Shackleton of Australian Potash Ltd (ASX:APC) talks to Proactive after signing his fifth taketake contract, which brings to 100% of the 150,000 tonnes of annual power described in the final feasibility study. The agreement… Matt Shackleton, Managing Director and CEO, said: “The relationship with fertilizer distributor Tier 1 Global Mitsui – Co.
(Asia Pacific), reflected in this long-standing binding acquisition agreement, opens up the Asian fertilizer markets ex-China to the K-BriteTM and Australian Potash brands. This is the third agreement implemented in the acquisition program, which covers the distribution of K-BriteTM via Asia, excluding China. APC now has agreements on 100,000tpa of initial application in Australia, New Zealand, China and Asia, with total expected production of 150,000tpa. The company has already entered into agreements with Redoxi, Migaoii and Mitsui, which account for a total of two-thirds of the total expected annual production of the LAKE Wells SOP project in WA. Allion acted for Altura Mining in the negotiation of new taketake agreements with two Chinese lithium materials producers, Guangdong Weihua Corporation and Shandong Ruifu. Allion is pleased to have supported Altura in these new arrangements that have diversified Altura`s customer base for lithium concentrate from the flagship Pilgangoora lithium project in Western Australia. Stephen Biggins, Managing Director of Core, said: “As we can see the light at the end of the COVID 19 tunnel, the work that the core team has done behind the scenes prepares us well for a strong second half.” Kern-Lithium on track for a final investment decision for the Finniss project by mid-2021 “Sibelco is a global industrial ore business with annual sales of around 3.5 billion euros (about AUD 5.7 billion).