MSC 0.00% 6.4¢ minerals corporation limited

more sales confirmed

  1. 7,599 Posts.
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    ACC ECOMINERALS LIMITED
    Regular Sales Commence for Ink Applications
    The Company is pleased to advise the commencement of regular sales with one of the
    top 3 global ink companies. The value of this business is about A$3 million per annum,
    with potential to climb to over A$12 million in this sector. Another leading ink customer
    is also expected to commence in 2009.
    The Company has been deferring regular sales of conventional kaolin applications while
    it conserves its working capital for the higher priority commencement of its emerging low
    carbon cement products. Essentially this plan remains unchanged. The conventional
    kaolin business will still generally await the float of ACC ECOMINERALS or further
    provision of working capital, as a major upgrade in personnel and inventories is
    required. In the case of inks, these applications are high value and the Company has
    secured financing to fund business with these leading customers, therefore we are
    pleased to move forward on this sector. Pre float business commencement on other
    high value major name customers in the conventional kaolin sectors is also being
    reviewed. Additional trade finance is also being arranged to cover the current expected
    increase in orders for low carbon cement products.
 
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Currently unlisted public company.

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