ABN 14 000 317 251
MARKET RELEASE 26 September 2017 COPPER CONCENTRATE SALES AGREEMENT WITH MITSUIQueensland copper producer CuDeco Limited (CuDeco) (ASX: CDU) is pleased to announce that it has entered into a Copper Concentrate Sales Agreement ("Agreement" with Mitsui & Co., Ltd. (Mitsui).
Under the Agreement Mitsui will prepay US$20 million to CuDeco prior to 30 September 2017.
This prepayment will be applied to repay US$15 million to China Minsheng Banking Corporation Limited which is due on 30 September 2017. The balance of the prepayment will be applied to working capital.
Under the Agreement CuDeco will supply copper concentrate to Mitsui during the period from November 2017 until September 2018.
On behalf of the Board. ENDS.
Head OfficeSuite 11A, Level 11, 100 Edward Street, Brisbane, 4000 Australia Tel.+61 7 3210 5900
Email admin@CuDeco.com.au www.CuDeco.com.au
Cloncurry OperationsCorella Park Road, Cloncurry Queensland 4824 Australia
P.O. Box 530, Cloncurry, QLD 4824 Tel.+61 7 4742 4800 Email cloncurry@CuDeco.com.au www.CuDeco.com.au
CuDeco Limited published this content on 26 September 2017 and is solely responsible for the information contained herein.
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