Gerald Metals, Tiger in 100,000T offtake deal

Oct 17, 2013 | 11:39 AM | Mark Burton

Tags  Gerald Metals, Tiger Resources, copper cathode, electrowon copper cathode, offtake agreement, Kipoi copper project, Mark Burton

LONDON — Swiss trader Gerald Metals SA has agreed to provide a $50-million advanced payment facility to Australia’s Tiger Resources Ltd. in return for the supply of 100,000 tonnes of electrowon copper cathodes beginning in the second quarter of next year.

Tiger will use the facility to fund the completion of its solvent extraction-electrowinning (SX-EW) plant at the Kipoi copper project in the Democratic Republic of the Congo, the company told investors Oct. 17.....

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