Perkoa zinc concentrates offtake
AIM Resources has signed a long-term sales agreement, with The Votorantim Group division, Votorantim Metais, zinc business unit, for the sale of zinc concentrates from the Perkoa Zinc Project at Burkina Faso in West Africa.Votorantim Metais, zinc business unit is the world’s sixth largest zinc producer and Latin America’s leading producer of refined special high-grade zinc metal. The company said it intends to process Perkoa zinc concentrates through the Juiz de Fora zinc smelter in Brazil and the Cajamarquilla zinc smelter in Peru. This partnership will provide the Perkoa Project with a secure, long-term market for approximately one-third of the zinc concentrate produced. The sales agreement is an ongoing contract built around an initial five-year sales term. AIM has also signed letters of intent, which set out the framework and commercial terms incorporated into the sales agreements, with two other zinc smelting companies. AIM is in advanced stages of negotiation with these companies and said it expects to have further sales agreements signed in the near future. AIM Resources Managing Director, Marc Flory said selecting the company’s concentrate sales partners was a key step in the development of the Perkoa Zinc mine.“I am delighted to have world renowned companies, such as the Votorantim Group as our long-term partners. Their participation as buyers of our zinc concentrate will ensure the best possible marketing outcomes for the Perkoa Zinc Project,” Mr Flory said.