Australian Mines gets South Korean giant onside.
by Stuart Mckinnon.
The binding deal covers 12,000tpa of cobalt, sulphate and 60,000tpa of nickel sulphate with prices to be linked to London Metal Exchange.
The West understands the agreement provides an option for SK to buy 19.9% stake in Australian Mines for an investment of 65Million dollars.
Auz products destined for SK's newly developed electric vehicle plants in Hungary and Korea.
JUST PART OF THE ARTICLE
AUZ announcement, page-55
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