BIM to sell manganese ores to Shandong, Sanit Corp
Saturday, May 26 2012 - 02:42 AM WIB
Queensland-based manganese developer Bracken International Mining said that the company has signed two Letters of Intent (LoI) with Chinese companies of Shandong Coking Coal and Sanit Corporation on the sales of manganese ores from Bracken?s Big George West Timor mine in Indonesia.
Under the LoI, Shandong Coking Coal and Sanit Corporation would each purchases 30,000 tpm of manganese ore from Big George West Timor, located 35km from Kupang?s main export loading port in East Nusa Tenggara province.
It said that production from the mine is scheduled to begin in the third quarter 2012 following the arrival of a new ship loader to the Kupang Port.
Executive Chairman Luke Bracken said ??The Big George West Timor Mine is ready to produce and we are full steam ahead with the development and construction of our smelter at Kupang.?
?To have two such highly regarded companies buying our ore is testament to the quality of our product and our ability to deliver on schedule.?
Editing by Adianto P. Simamora