SPMP completes first sale of antimony metal, but future financing still ‘uncertain’

Strategic & Precious Metals Processing’s (SPMP) antimony and gold processing facility in Sohar, Oman, has sold 60 tonnes of antimony metal ingots for the first time, parent company Tri-Star Resources said in a release on Wednesday May 13.

Tri-Star Resources considers it “an important step in the ramp-up of operations at SPMP,” and expects the plant to be operating at 50% of capacity by the end of the second quarter of 2020 and achieving the 100% by the end of the year, the company said.
The Omani project, the largest antimony roaster outside of China, has a targeted annual production capacity of 50,000 oz of gold and 20,000 tonnes in combined antimony metal and antimony trioxide (ATO). This represents about 12% of average annual world antimony production.

The sale comes a time in which the...

Published

Cristina Belda

May 14, 2020

20:06 GMT

Madrid