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Third LoM offtake deal for TNG

NORTHERN Territory miner TNG has signed a binding life-of-mine off-take agreement with Indian mining group Vimson for high-purity iron products from the Mount Peake vanadium-titanium-iron project near Alice Springs.

Karma Barndon
Conceptual image of Mount Peake project

Conceptual image of Mount Peake project

Under the terms of the deal, signed with Vimson's Singapore-based subsidiary VM Salgaocar & Bro, Vimson will buy up to 100% of the iron produced at Mount Peake on a free on-board basis for a fixed price....

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