trending Market Intelligence /marketintelligence/en/news-insights/trending/Lo3z0_z--sVtUx70ZQxIvw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Galena Mining enters 10-year off-take agreement for lead, silver from Abra

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020


Galena Mining enters 10-year off-take agreement for lead, silver from Abra

Galena Mining Ltd. entered a 10-year off-take agreement with IXM SA for its unit Abra Mining Pty Ltd. to supply 65,000 tonnes per annum of high-grade lead-silver concentrates from the Abra base metals project in Western Australia.

The agreed volume accounts for about 60% of Abra's production that has not already been earmarked for off-take to the company's joint venture partner Toho Zinc Co. Ltd.

Managing Director Alex Molyneux commented that the arrangement demonstrates a higher value over and above the assumptions used in the recent feasibility study, which outlined a posttax net present value of A$381 million, at an 8% discount rate, with a 32% internal rate of return for the project.

Moreover, IXM is providing Galena a US$12 million financing facility, available in two tranches of US$6 million each, to provide an additional option for back-up liquidity during construction and ramp-up phases at Abra.

The off-take is conditional on the start of production at Abra by Dec. 31, 2023, and the start of commercial production by Dec. 31, 2024.

The company received all of the major permit approvals and concluded the native title compensation arrangements for Abra in July.