MMG (HKG:1208) unit MMG Dugald River agreed to sell zinc concentrate produced at its Dugald River Mine to Minmetals North-Europe Aktiebolag for the years 2025, 2026, and 2027, a Monday filing with the Hong Kong bourse stated.
About 100,000-120,000 dry metric tonnes of the zinc concentrate will be sold to the buyer every year under the agreement for a maximum of $200 million per annum.
Minmetals North-Europe Aktiebolag is a unit of China Minmetals Corporation, the ultimate controlling shareholder of MMG.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.