In late 2022 CUF suspended mining for about three months due to low IO price.
CUF and FEX have a port take or pay logistics agreement for 12 months starting 1/10/23 for a minimum of 1.1mt p/a. For the first nine months CUF have shipped 502,882 tonnes.
The GV agreement for three years starting when the Mullewa siding is operational is for 1mt p/a. GV will pay FEX $1.4 up front which can be off set against shipments.
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