sally malay

Sally Malay $450m sales agreement with Sino Nickel
15:19, Tuesday, 22 July 2003

Sydney - Tuesday - July 22: (RWE) - Sallay Malay says it has
signed a life-of-mine concentrate sales agreement with Sino Nickel
involving revenue of more than $450 million.
A $US5 million subordinated debt agreement has been signed with
Jinchuan Group.
Under the deal Sino Nickel, a joint venture owned 60 per cent by
Jinchuan Group and 40 per cent by Sino Mining International, will buy
100 per cent of annual production of nickel/copper/cobalt concentrate
from the Sally Malay project.
The Sally Malay concentrate will be shipped from Wyndham in WA
to Jinchuans smelter/refinery in Gansu province, northwest China for
treatment.