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Article: Citadel Resource Group Limited (ASX:CGG) Enters Into A$25 Million Strategic Partnership With Transamine Through Share Placement And Concentrate Sales Agreement
- Article from:
- abnnewswire.net
- Article date:
- August 20, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Citadel Resource Group Limited (ASX:CGG) is pleased to announce it has at 5pm today entered into a A$25 million Share Subscription Agreement and copper concentrate off-take arrangements with Transamine SA ("Transamine"), a global non-ferrous trading house, for the sale of 50,000 dry metric tonnes per annum of copper concentrate from Jabal Sayid mine at market terms for 5 years from 2011.
Transamine is one of the oldest, independent, privately held commodities trading companies in the world specialising in raw materials. It provides services in marketing, raw material sourcing, finance and investment worldwide, with a core business focus on non-ferrous metals.
These arrangements represent an ...