24
Jan
14:48
TNC secures Glencore offtake for Australian copper project
Australia-listed True North Copper (TNC) has secured an offtake deal with commodities giant Glencore to supply copper from its Cloncurry project in Queensland, Kallanish reports.
Under the binding offtake and toll-milling agreements, TNC will supply Glencore 100% of copper concentrate from Cloncurry and up to 1 million tonnes of ore per year for Cloncurry’s life of mine. The companies did not disclose financial terms of the deal, nor when deliveries would co…
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