Mining company Kenmare Resources today said it has signed another contract for the sale of zircon from its Moma Titanium Minerals Project in Mozambique.
This contract, the specific terms of which are confidential, is with a major European zircon consumer.
Kenmare has now secured contracts for all of the zircon planned for the initial production at Moma.
This contract follows a similar zircon contract signed in November 2002 with another zircon consumer and an ilmenite contract signed in May 2002.
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These contracts take the project a significant step closer to satisfying the prospective lenders' financing requirements, the company said.
AFP