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Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine

By Joel ScanlonJul 19 2011

Kimberley Metals has reported that following the receipt of interest expressions from several parties for the off take of the copper concentrate from the Mineral Hill mine, the company is presently completing a preliminary sales agreement for six months. Penfold is supporting the company in this process.

The production and trading of the copper concentrate of the Mineral Hill mine will reveal the ascent of the company to the production status by means of estimated cash flows from the Parkers Hill underground mining processes in August, 2011.

It is anticipated that the Mineral Hill’s Pearse open cut mine will enter the production from mid-2012 and will add significant profits through sales of gold and silver bullion to the Mineral Hill mining operations of Kimberly Metals.

Kimberley Metals is considering that the current Mineral Hill mine commissioning and the sales agreement that is pending, show the capability of the management to develop the projects successfully. The experience and confidence that is cultivated at the Mineral Hill mine will be encouraging for the growth of the outstanding Sorby Hills silver lead project during 2013.

Source: http://www.kimberleymetals.com.au/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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APA
Scanlon, Joel. (2019, February 18). Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine. AZoMining. Retrieved on May 10, 2024 from https://www.azomining.com/News.aspx?newsID=4516.
MLA
Scanlon, Joel. "Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine". AZoMining. 10 May 2024. <https://www.azomining.com/News.aspx?newsID=4516>.
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Scanlon, Joel. "Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine". AZoMining. https://www.azomining.com/News.aspx?newsID=4516. (accessed May 10, 2024).
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Scanlon, Joel. 2019. Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine. AZoMining, viewed 10 May 2024, https://www.azomining.com/News.aspx?newsID=4516.