OPERATIONS

QPM shores up supply with another New Caledonia miner

QUEENSLAND Pacific Metals will take up to 300,000 wet metric tonnes per annum of nickel ore from New Caledonia miner Maï Kouaoua Mines over a 10-year period, as part of an ore supply agreement.

 Left to right: MKM GM Christian Taupua, QPM chairman John Abbott, MKM owner Wilfrid Maï, QPM MD and CEO Dr. Stephen Grocott and QPM GM Corinne Bufnoir

Left to right: MKM GM Christian Taupua, QPM chairman John Abbott, MKM owner Wilfrid Maï, QPM MD and CEO Dr. Stephen Grocott and QPM GM Corinne Bufnoir

The binding ore supply agreement is expected to begin in 2024.

Under the scope of the deal QPM is targeting limonite ore specification of 1.6% nickel and 0.18% cobalt, to use at its Townsville Energy Chemicals Hub.

The company will need up to 2.1 million tonnes of nickel ore for the project.

It has existing ore supply agreements with New Caledonia companies Société Le Nickel, Société des Mines de la Tontouta and Société Minière Georges Montagnat.

QPM managing director Dr Stephen Grocott said he was pleased to enter into an agreement with MKM.

"We look forward to working with them and the other New Caledonian mining companies to maximise clean ore supply," he said.

"We now have agreements with four mining companies in New Caledonia, strengthening our ties to the country and increasing our security of ore supply."

MKM general manager Christian Taupua said his company was happy to contribute to the establishment of an innovative metallurgical plant.

"The possibility that QPM can accommodate Caledonian nickel ore is an opportunity for us and for all Caledonians miners," Taupua said.

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