Unit 8, Level 1, Churchill Court
331-335 Hay Street
Subiaco WA 6008
PO Box 190
West Perth WA 6872
Tel: +61 8 9382 8799
Fax: +61 8 9382 4760
ABN 60 060 525 206
16 May 2007
Company Announcements Officer
Australian Stock Exchange Limited
Exchange Centre
Level 4, 20 Bridge Street
SYDNEY NSW 2000 www.asxonline.com
Dear Sir
Re: NICKEL MARKETING AGREEMENT WITH FORTESCUE
We enclose herewith a copy of an announcement in relation to the above. The
Company hereby requests the current trading halt to be lifted.
Yours faithfully
Douglas C. Daws
EXECUTIVE CHAIRMAN
Enc
CORPORATE DIRECTORY Registered Office
Level 1, South Mill Centre
Director / Senior Management 9 Bowman Street
South Perth WA 6151
Douglas Daws Executive Chairman Tel: 61 8 9367 8133
Chris Daws Chief Executive Officer Fax: 61 8 9367 8812
Bruno Sceresini Non-Executive Director
Peter Landau Non-Executive Director Principal Office
Ross Kestel Company Secretary Unit 8, Level 1 Churchill Court
331-335 Hay Street
Corporate Enquiries Media Enquiries Subiaco WA 6008
Mr Chris Daws - CEO Mr David Griffiths – Gryphon Management Tel: 61 8 9382 8799
P: 61 8 9382 8799 P: 61 8 9382 8300 Fax: 61 8 9382 4760
F: 61 8 9382 4760 F: 61 8 9381 2349
M: 0414 334 842 M: 0419 912 496 Home Exchange
E: [email protected] E: [email protected] The Company’s shares are listed
on the Australian Stock Exchange
Shareholder Enquiries and the home exchange is Perth
Enquiries concerning shareholdings should be addressed to: ASX code: NIA
Computershare Investor Securities
GPO Box D182, Perth WA 6840 Website Address
Tel: 61 8 9323 2000 www.niagaramining.com.au
Unit 8, Level 1, Churchill Court
331-335 Hay Street
Subiaco WA 6008
PO Box 190
West Perth WA 6872
Tel: +61 8 9382 8799
Fax: +61 8 9382 4760
ABN 60 060 525 206
ASX Announcement 16 May 2007
Nickel Marketing Agreement with Fortescue
Niagara Mining Limited is pleased to advise its shareholders that the Company has
today signed and executed a Nickel Marketing Agreement with Fortescue Metals
Group Ltd. The Nickel Marketing Agreement is for all future nickel product produced
from the Windarra Nickel Project.
Niagara has appointed Fortescue and Fortescue has accepted the appointment to
act as the exclusive agent of Niagara for the purpose of providing all marketing and
sales agency services relating to the sale of Nickel.
Fortescue has agreed that it will not, during the duration of the agreement, provide
services to another entity where those services are identical to the services to be
provided by Fortescue under this agreement, unless otherwise agreed by Niagara.
The Nickel Marketing Agreement is conditional upon a number of items to be fulfilled
by the parties including, but not limited to;
- Niagara and Fortescue entering into a Strategic Alliance Agreement
pursuant to which the parties will agree framework arrangements to
provide assistance, support and co-operation to each other to enable the
parties to leverage off each other's skills and capabilities to their
respective advantages. The strategic alliance agreement will note
Niagara's desire to leverage off the capabilities and opportunities
available and afforded to Fortescue as a result of the scale of Fortescue's
operations and its size and status. The Strategic Alliance Agreement will
contain provisions relating to Fortescue and Niagara working together in
relation to Niagara's funding requirements.
- Consolidation of Niagara's securities as per the re-organisation
announced to the ASX 4th April 2007.
- Reorganisation of the board of directors of Niagara (partially complete).
- Subject to Fortescue Board approval.
The Strategic Alliance currently being formulated by the parties is an opportunity for
Niagara Mining Limited to leverage off the large industrial strength and capabilities
that Fortescue Metals Group Ltd has built over the past few years in developing the
“New Force in Iron Ore” and assist in creating a formidable world class nickel
exploration, mining and production Company.
The Company looks forward to progressing the Company’s development and
generating shareholder wealth.
Douglas C. Daws
EXECUTIVE CHAIRMAN
NIA
niagara mining limited
