Mincor Resources

Published : August 14th, 2009

Nickel Offtake Agreements Renewed to 2019

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Keywords :   Australia | Nickel |
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class+AD0-SpellE+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-GB'+AD4-Mincor+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-mso-ansi-language:EN-GB'+AD4- Resources NL (MCR: ASX)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:14.0pt+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-div style+AD0-'border:solid windowtext 1.0pt+ADs-padding:1.0pt 4.0pt 1.0pt 4.0pt'+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:14.0pt+ADs-mso-ansi-language: EN-GB'+AD4-ASX RELEASE 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August 2009+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:14.0pt+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-mso-ansi-language: EN-GB'+AD4-Nickel +ADw-span class+AD0-SpellE+AD4-Offtake+ADw-/span+AD4- Agreements Renewed to 2019+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Australian nickel mining company +ADw-span class+AD0-SpellE+AD4-Mincor+ADw-/span+AD4- Resources NL (MCR: ASX) announced today that its nickel +ADw-span class+AD0-SpellE+AD4-offtake+ADw-/span+AD4- customer, BHP Billiton, had, as expected, exercised its option to extend the Ore Tolling and Concentrate Purchase Agreements (OTCP Agreements) with +ADw-span class+AD0-SpellE+AD4-Mincor+ADw-/span+AD4- for a further nine years, to 27 February 2019. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-The OTCP Agreements provide for the toll treatment of +ADw-span class+AD0-SpellE+AD4-Mincor+IBk-s+ADw-/span+AD4- ore through the central BHP Billiton-owned mill at +ADw-span class+AD0-SpellE+AD4-Kambalda+ADw-/span+AD4-, and the sale to BHP Billiton of the resulting nickel concentrate. The Agreements have operated successfully since +ADw-span class+AD0-SpellE+AD4-Mincor+ADw-/span+AD4- commenced production in March 2001.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Separate OTCP Agreements are held with BHP Billiton over a number of tenement packages in +ADw-span class+AD0-SpellE+AD4-Kambalda+ADw-/span+AD4-. Four of these, covering production from tenements that hold +ADw-span class+AD0-SpellE+AD4-Mincor+IBk-s+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-Miitel+ADw-/span+AD4-, Mariners, +ADw-span class+AD0-SpellE+AD4-Wannaway+ADw-/span+AD4-, +ADw-span class+AD0-SpellE+AD4-Redross+ADw-/span+AD4-, North +ADw-span class+AD0-SpellE+AD4-Miitel+ADw-/span+AD4- and the partially owned +ADw-span class+AD0-SpellE+AD4-Carnilya+ADw-/span+AD4- Hill Mine, expire in February 2010. It is these four Agreements that BHP Billiton has now extended for a further nine years. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Mincor+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- holds an additional two OTCP Agreements with BHP Billiton, one covering production from its North +ADw-span class+AD0-SpellE+AD4-Kambalda+ADw-/span+AD4- Tenements, including its Otter Juan, McMahon, Coronet and +ADw-span class+AD0-SpellE+AD4-McCloy+ADw-/span+AD4- Mines. This Agreement was extended before +ADw-span class+AD0-SpellE+AD4-Mincor+IBk-s+ADw-/span+AD4- acquisition of the tenements in 2007, and expires in 2019. The final OTCP Agreement covers any future production from the +ADw-span class+AD0-SpellE+AD4-Bluebush+ADw-/span+AD4- tenements, secured by +ADw-span class+AD0-SpellE+AD4-Mincor+ADw-/span+AD4- in 2007. This OTCP Agreement expires in 2016.+ACY-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-We are delighted that BHP Billiton has chosen to renew the OTCP Agreements, said +ADw-span class+AD0-SpellE+AD4-Mincor+IBk-s+ADw-/span+AD4- managing director David Moore. These Agreements have proved both workable and durable and have provided +ADw-span class+AD0-SpellE+AD4-Mincor+ADw-/span+AD4- with long-term marketing certainty, reduced processing risk, and significant operational flexibility. We look forward to deepening our already strong relationship with BHP Billiton. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Mincor+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- is a leading Australian nickel producer. The Company is listed on the Australian Securities Exchange and forms part of the S+ACY-amp+ADs-P/ASX 200 Index. +ADw-span class+AD0-SpellE+AD4-Mincor+ADw-/span+AD4- operates two mining centres in the world +ADw-span class+AD0-GramE+AD4-class+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-Kambalda+ADw-/span+AD4- Nickel District of Western Australia, and has been in successful production since 2001. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Mr David Moore, Managing Director+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Mincor+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- Resources NL+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-Tel: (08) 9476 7200+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4-www.mincor.com.au+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-
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Mincor Resources

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ISIN : AU000000MCR8
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Mincor is a nickel producing company based in Australia.

Mincor holds various exploration projects in Australia, in Fiji, in Guinea, in Papua New Guinea and in Vanuatu.

Its main assets in production are MIITEL, MARINERS, REDROSS, WANNAWAY, KAMBALDA NICKEL MINES, CARNILYA HILL, NORTH DORDIE, OTTER JUAN, MCMAHON/KEN, DURKIN, GELLATLY, STOCKWELL and CAMERON in Australia and its main exploration properties are TAFUSE and WEBE CREEK in Vanuatu and YALLABURRA in Australia.

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3/10/2009Open Briefing Financial Results & Stronger Outlook
Project news of Mincor Resources
9/14/2016More strong results at Mincor's Widgiemooltha Gold Project i...
7/14/2016(Kambalda Nickel Mines)plans major gold drilling program
7/14/2016Mincor plans major gold drilling program following successfu...
9/10/2013Ore Reserves and Mineral Resources
5/15/2013MD's presentation at RIU Resources Roundup
3/19/2013Exploration Update - PNG
10/15/2012accelerates nickel drilling
8/6/2012(Mariners)High-grade Nickel Intersections at Mariners and Miitel
4/23/2012Audio & Video Broadcast - Mincor Resources
4/11/2012Operational Update: Strong quarterly production
10/6/2011Audio Broadcast - Mincor Resources
9/15/2011(May River)Commences PNG Exploration
6/15/2011Presentation: UBS Annual Austn Resources Conference
5/25/2011Audio Broadcast - Mincor Resources
5/12/2011Presentation: An Emerging Multi-Commodity Resource House
4/7/2011(Mariners)Buoyed by high-grade Mariners results
3/22/2011(Otter Juan)Market Update: Operations and Production
2/17/2011High-grade copper-gold intersected in early drilling at Tott...
7/29/2010(Mariners)Lifts Nickel Ore Reserves by 37%
5/7/2010(Miitel)To Re-Open Miitel Nickel Mine - But Warns That New Resourc...
5/7/2010(Miitel)to Re-open Miitel Nickel Mine
4/8/2010(Miitel)Miitel, Exploration & Growth Strategy
3/23/2010(Miitel)Breakthrough Drilling Results At Miitel Nickel Mine
9/17/2009(Mariners)Delivers Maiden Nickel Resource for Mariners N10 Discovery
9/15/2009(Miitel)Intersection of 1.75 metres @ 8.76% nickel
9/15/2009(Miitel)High-Grade Nickel Intersection Points to Potential New Disco...
9/8/2009(Carnilya Hill)High-grade Nickel Intersections
6/16/2009(Mariners)Latest Drilling Results Extend New Mariners Discovery
5/19/2009(Mariners)Nickel Intersection Highlights Potential New Discovery at Ma...
8/12/2008(Otter Juan)High-Grade Intersection in 3rd Otter Juan Step-Out
8/7/2008(Wannaway)REMNANT MINING ENDS AT WANNAWAY AS FOCUS TURNS TO NEW POTENT...
8/4/2008(Wannaway)High-Grade Nickel Intersections at Wannaway and Burnett
7/18/2008(Mcmahon/ken)First production at McMahon
6/25/2008(Durkin)Extends Durkin North Deposit
6/10/2008High-Grade Nickel Intersection Extends Otter Juan A Further ...
5/28/2008(Mariners)Unveils Potential New Nickel Discovery...
5/2/2008(Otter Juan) High-Grade Nickel Intersection Extends Otter Juan
4/7/2008(Wannaway)Discovers New Nickel Potential At Wannaway
3/19/2008(Durkin)Delivers 42% Increase in Durkin Deeps Nickel Resource
2/28/2008(Mcmahon/ken)Open Briefing: Mincor Production, Exploration & Outlook
1/23/2008(Carnilya Hill)DELIVERS FIRST NICKEL PRODUCTION ON SCHEDULE FROM CARNILYA H...
1/8/2008(Carnilya Hill)ACQUIRE 100% INTEREST IN CARNILYA HILL
Corporate news of Mincor Resources
7/29/2016Quarterly Report for the period ended 30 June 2016
7/29/2016Appendix 5B - Quarterly Cash Flow Report for the period ende...
6/27/2016(Updated) Mincor Secures North Kambalda Gold Rights
6/24/2016Mincor Secures North Kambala Gold Rights
6/8/2016Resignation of Company Director
6/2/2016Mincor advances gold strategy as Kambalda resource inventory...
5/20/2016Appendix 3B - Issue of employee options and cancellation of ...
5/12/2016Presentation - RIU Resources Roundup, Sydney
4/27/2016Quarterly Report for the period ended 31 March 2016
4/4/2016Appendix 3B - Issue of shares
3/31/2016Kambalda gold strategy advances with resource upgrade, minin...
7/29/2015Australia's Mincor slashes nickel output amid prices near 6-...
2/12/2014announces half-year results and interim dividend
1/29/2014Quarterly Report
11/1/2013Announces Executive Changes
10/22/2013Quarterly Report
8/7/2013presentation at Diggers & Dealers 2013
7/23/2013Quarterly Report
4/23/2013Quarterly Report
2/21/2013Investor Update presentation
1/22/2013Quarterly Report
9/6/2012AMEC presentation
8/7/2012presentation at Diggers & Dealers 2012
6/12/2012Inside Briefing interview
5/7/2012Mining & Exploring Presentation (Investor Update)
4/18/2012Quarterly Report
2/22/2012presentation at RIU Explorer's Conference
1/25/2012Quarterly Report
1/11/2012Acquires Highly Prospective Kambalda Nickel Tenements
9/22/2011Strong operational performance continues
8/31/2011Presentation: Investor Update
8/3/2011Presentation: Diggers & Dealers
6/21/2011to Launch On-Market Share Buy-Back
6/14/2011Inside Briefing interview
5/24/2011NL - Unveils $30M PNG gold and copper transaction
4/19/2011NL - Quarterly Report for the Period Ending 31 March 2011
2/15/2011Announces Half-Year Results and Interim Dividend
8/19/2010Delivers Robust $28.1m Profit
7/29/2010Lifts Nickel Ore Reseves by 37%
7/22/2010NL - Quarterly Report for the Period Ending 30 June 2010
4/8/2010Open Briefing with Managing Director David Moore
2/17/2010Delivers $36.9M Rebound in First-Half Earnings
2/2/2010Half-Year Profit Guidance - Substantial Variation From Previ...
2/2/2010Media Release re Half-Year Profit Guidance
1/28/2010Quarterly Report For the Period Ended 31 December 2009
11/12/2009Annual General Meeting
10/27/2009September 2009 Quarterly Report
8/20/2009Full Year Results
8/14/2009Nickel Offtake Agreements Renewed to 2019
8/14/2009Media release re off-take agreements
8/5/2009Media release re Bonaparte Project
2/18/2009Half-Year Results
2/18/2009Confident Despite First Half Loss
1/28/2009Quarterly Activities Report December 2008
9/16/2008(Audio) AUDIO BROADCAST OF PRESENTATION
9/9/2008Achieves Another Year of Growth in Resources and Reserves
9/9/2008Resources and Reserves
8/21/2008Delivers Robust $64 Million Profit For 2008 Despite Nickel P...
7/23/2008June 2008 Quarterly Activities Report
6/6/2008in Zinc-Lead Exploration Joint Venture with Japan's JOGMEC
4/23/2008Quarterly Report
4/16/2008BLUEBUSH SUB-LEASE GRANTED
4/9/2008 Presentation / RBC Research
3/25/2008 Unveils 21,000 Tonne Nickel Resource on New Bluebush Line T...
2/21/2008Mincor - Media release re Tottenham
2/19/2008 DELIVERS $31.3M INTERIM NET PROFIT, MAINTAINS STRONG INTERI...
2/11/2008MINCOR’S PROPOSED ACQUISITION OF THE INTERESTS OF VIEW RESOU...
1/30/2008 Quarterly Report
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AUSTRALIA (MCR.AX)Other OTC (MCRZF)
1.39+0.00%0.860-7.53%
AUSTRALIA
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