Centrex signs another offtake deal
PERTH (miningweekly.com) – ASX-listed Centrex has signed a binding offtake agreement for phosphate from its Ardmore phosphate mine, in Queensland.
Under the two-and-a-half-year agreement with agricultural firm Ravensdown, the company will sell 15 000 t of phosphate in the first year, with the subsequent year’s allocation to be mutually agreed.
Centrex has allocated up to 20% of production at Ardmore towards the offtake agreement with Ravensdown.
“By the signing of this offtake agreement with Ravensdown, we continue to build on fulfilling our offtake strategy and securing high-quality customers for our product. This agreement also continues our expansion of sales of product into the lucrative New Zealand agricultural market. Similar to our other offtake partners, we look forward to a long-term mutually beneficial relationship with Ravensdown,” said Centrex MD Robert Mencel.
The agreement with Ravensdown marks Centrex’ third offtake agreement over the Ardmore project.
Centrex is looking to expand its Ardmore phosphate mine, with the Northern Australian Infrastructure Facility assessing a potential funding participation in the Stage 1.5 expansion which would cost A$31-million and would target a 625 000 t/y production output by using existing facilities on site, as a step towards the Stage 2 capacity of 800 000 t/y of phosphate output.
Comments
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