trending Market Intelligence /marketintelligence/en/news-insights/trending/yF14N5_RDPVsaiLu6dl5oA2 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.

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

  • Enter verification Code here*

* Required

In This List

Vimson Group inks off-take deal with TNG for life-of-mine supply of iron ore

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Vimson Group inks off-take deal with TNG for life-of-mine supply of iron ore

Indian conglomerate Vimson Group inked a binding term sheet for a life-of-mine off-take deal covering high-purity iron ore from TNG Ltd.'s preproduction-stage Mount Peake vanadium-titanium-iron project in Northern Territory, Australia.

Under the term sheet, Vimson's Singapore-based subsidiary V.M. Salgaocar & Bro. Pte. Ltd. will purchase Mount Peake's iron ore on a free-on-board basis for global marketing and distribution, for a fixed commission. The Vimson Group is a TNG shareholder with a 9.84% stake.

TNG said Dec. 12 that it intends to produce approximately 500,000 tonnes per annum of iron oxide fines from its Darwin-based TIVAN processing facility, as well as high-purity vanadium pentoxide and titanium pigment products.

The parties will work toward completing a final agreement within six months of the date of the binding term sheet, with TNG saying it will complete the portfolio of binding term sheets and off-take contracts for Mount Peake.