Andromeda strikes kaolin offtake deal
PERTH (miningweekly.com) – Junior Andromeda Metals has struck an offtake agreement with Japanese ceramics manufacturer Plantan Yamada for kaolin offtake from The Great White project, in South Australia.
Under the terms of the agreement, Andromeda will supply 25 000 t of high-quality kaolin over the first three years of production.
“This agreement with a highly respected, multi-generational Japanese porcelain producer fits the company’s strategic positioning and commercial strategy, in response to the tightening of global markets for high-quality kaolin,” said Andromeda MD and CEO Bob Katsiouleris.
“This agreement with Yamada Plantan, together with the one signed recently with Foshan Gaoming, demonstrate the elevated level of interest for sales of kaolin from The Great White project given the increasing scarcity, particularly of high-quality kaolin, in international markets and geographies.
“Andromeda’s development of The Great White project is coming at a crucial time in global kaolin markets,” he added.
A 2022 definitive feasibility study estimated that The Great White project would require an initial capital investment of A$93.8-million, with pay-back expected in just shy of six years. The Stage 1 operation will have a 300 000 t/y capacity between years one and five of the operation, ramping up to 600 000 t/y for the remainder of the project life.
The project is expected to generate revenues of A$4.7-billion, and will have a net present value of A$613-million before tax and an internal rate of return of 36%.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
