NQ Minerals adds further Hellyer marketing, offtake deal with Traxys

London-listed NQ Minerals plc has signed an additional marketing and offtake agreement with Traxys Europe SA, adding to an arrangement signed with the commodities firm in August.

The mining company, which shipped its first lead, gold and silver concentrates from its Hellyer operation to Traxys Europe earlier this month, has now agreed to sell all the precious metal and pyrite concentrate to be produced from Hellyer for the first five years of production.
The agreement includes the facility for prepayment against concentrate deliveries and provides Hellyer with access to Traxys' global network and marketing and distribution teams, NQ Minerals said.


Andrea Hotter

November 19, 2018

14:42 GMT

New York