Globe Metals & Mining (ASX: GBE) has commenced discussions with a number of Chinese parties regarding off-take arrangements for the sale of ferro-niobium (FeNb) from its Kanyika Niobium Project. in Mzimba. Globe’s Managing Director, Mark Sumich, has recently returned from a 10 day trip to China, which encompassed five cities, where he met with potential off-take partners.
Globe expects that in due course, off-take contracts will be entered into with Chinese steel mills, metal trading houses and/or Chinese mining groups. Globe has already entered into existing supply arrangements, representing 35% of Globe’s planned niobium production of 3,000tpa , which are due to commence in 2012,READ MORE
Corporate presentation (June 2009) View
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