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MMG to supply 10,000 dry tonnes of zinc concentrate to China Minmetals unit

MMG Ltd. subsidiary MMG Dugald River Pty. Ltd. agreed to supply about 10,000 dry tonnes of zinc concentrate from the Dugald River mine in Queensland, Australia, to China Minmetals Corp. unit Minmetals North-Europe AB.

The transaction is valued at about US$7.5 million. Prices will be calculated on the basis of zinc and silver contained in the product.

Dugald River will produce about 340,000 dry tonnes of zinc concentrate at full production, MMG said Aug. 22.

MMG supplied the buyer with the same volume in January for about US$10 million.