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Tuesday, August 7, 2018 - 8:20:52 PM
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Mining News Pro - Privately held Dundas Mining is restarting its Avebury nickel mine in Tasmania early next year and Swiss trading house Transamine has secured the offtake, a source familiar with the matter said on Tuesday.
Avebury, which had most recently been owned by China-backed
MMG , was sold to Dundas last year and has been on care
and maintenance since 2009.
The will produce around 7,000-8,000 tonnes of nickel and
Transamine has secured offtake for the full amount, the person
said. The concentrate will be sold into the battery and
stainless steel markets.
The trading house will provide a line of finance in double
digit millions of dollars, the person said.
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