Nautilus signs copper offtake with Tongling

Apr 23, 2012 | 04:35 PM | Barbara O'Donovan

Tags  Nautilus Minerals, copper, gold, Solwara, Tongling Nonferrous Metals Group, Stephen Rogers, Barbara O'Donovan

NEW YORK — Nautilus Minerals Inc. has signed an offtake agreement with Tongling Nonferrous Metals Group Co. Ltd. for the sale of material from its underwater Solwara 1 copper-gold deposit.

Tongling will buy 1.1 million tonnes per year, plus or minus 20 percent, for three years on a take-or-pay basis, starting with the first delivery of material from Solwara in the Bismarck Sea near Papua New Guinea, which is targeted for the fourth quarter of....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results