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Pure Minerals acquisition target Queensland Pacific Metals strengthens ties with China

Mining News - Published on Thu, 10 Jan 2019

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A soon-to-be-subsidiary of Australian explorer Pure Minerals has made moves to strengthen its business ties with China and the greater Asian region via a memorandum of understanding with commodity trading house Top Resources Group. Under the terms of an agreement announced this morning, aspiring battery metals producer Queensland Pacific Metals will receive assistance from Top Resources to establish relationships with companies in Asia with a view to securing offtake agreements or potential investments in QPM’s planned battery materials refinery. The Townsville-based refinery will produce nickel and cobalt sulphate, and other valuable by-products including hematite, magnesium oxide and high purity alumina.

Top Resources is headed by experienced commodity trader Norman Ting, previously linked to London-based trading house and Chinese market specialist Wogen Resources. Typical commodities traded by Wogen include nickel, cobalt and other base metals and related speciality chemical products of these metals. During his time with Wogen, Mr Ting managed five offices in Beijing, Shanghai, Guangzhou, Chengdu and Hong Kong and was a leading trader of cobalt, cadmium, antimony, tungsten, indium and mineral sands.

Source :

Posted By : Rabi Wangkhem on Thu, 10 Jan 2019
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