South Africa focused mineral sands producer Mineral Commodities will generate at least $60-million in revenue over the next five years from the sale of existing stockpiled garnet concentrate to offtake partner GMA Group.
Mineral Commodities and GMA have amended the existing life of mine garnet offtake agreement, with Mineral Commodities now expected to supply garnet stockpile at a rate of 240 000 t for 2017, rather than the original rate of 210 000 t/y.
