Trafigura agrees to buy copper from OceanaGold’s Didipio project

Mon, 09 Jul 2012

July 10 (BusinessDesk) - Trafigura Beheer BV, a global commodity trading firm, has agreed to buy all of the copper/gold concentrate from OceanaGold’s Didipio project in Luzon, northern Philippines. The offtake would be for a minimum five years when production starts at the mine, OceanaGold said in a statement. Didipio is to be commissioned in the fourth quarter. Financial terms of the agreement weren’t released. A binding contract is expected to be signed “in the near future,” OceanaGold said. Under the arrangement, Trafigura will manage al...

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