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QPM signs binding nickel ore agreement with MKM

  • Wednesday, April 26, 2023
  • Source:ferro-alloys.com

  • Keywords:nickel, ore, steel
[Fellow]A binding ore supply agreement signed between Queensland Pacific Metals Ltd (QPM) and Maï Kouaoua Mines (MKM), highlights QPM's growing presence and strength of relationships it has established in New Caledonia.
[Ferro-Alloys.com] 

  • The 19th China Ferro-alloys International Conference, co-hosted by China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters (CCCMC) & Ferro-Alloys.com ，Supported by China Ferroalloys Industrial Association, will be held on 31 May to 2 June 2023 in Beijing, China.

 

 

QPM signs binding nickel ore agreement with MKM

 

A binding ore supply agreement signed between Queensland Pacific Metals Ltd (QPM) and Maï Kouaoua Mines (MKM), highlights QPM's growing presence and strength of relationships it has established in New Caledonia.

QPM has contracted up to 2.1 million wmt of nickel ore for its proposed Townsville Energy Chemicals Hub (TECH) Project and now has the flexibility and security to meet nameplate capacity requirements of 1.6 million wmt per annum.

 

 

About the agreement

 

The ore supply agreement between QPM and MKM is for 10 years, starting in 2024, with a tonnage of up to 300,000 wmt per annum.
The companies are targeting a typical limonite ore specification of 1.6% nickel and 0.18% cobalt.
 
Limonite ore
1.3-1.7% nickel (typical 1.6%)
0.22% cobalt (typical 0.18%)
30.0-50.0% iron (typical 42%)
1.5-7.0% magnesium oxide (typical 4%)
1.0–6.0% aluminium oxide (typical 3%)
28.0-40.0% moisture (typical 35%)
 
Pricing is currently confidential and will be based on the price of nickel (LME exchange) and cobalt (Metal Bulletin) on an FOB basis.
  • [Editor:邢亞敏]

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