Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
Endomines AB said its wholly owned subsidiary Endomines Oy has signed an agreement to sell and deliver its gravimetric gold concentrate production from the Pampalo Gold Mine to precious metals refiner K.A. Rasmussen AS, Norway.
The volume of deliveries and estimated concentrate grade allow up to 100% of gravimetric concentrate production to be delivered to Rasmussen. The agreement is signed for a period of one year, with the option of renewal for successive one year periods.
“I’m very pleased that we have succeeded in concluding this off-take agreement after commercial test deliveries have proven to be mutually satisfactory,” said Markus Ekberg, CEO of Endomines. “The agreement implicates trust from the customer side that Endomines will be able to deliver high grade, low impurities concentrate for refining at Rasmussen’s refinery in Hamar, Norway.”
Ekberg also said the agreement provides Endomines with flexibility, as it can balance its production between higher value gravimetric gold concentrate and flotation concentrate production volumes.
