Aim-listed Kazera Global has entered into an offtake agreement for the sale of all tantalum produced from its mine in Tantalite Valley, in Namibia, following the conclusion of its plans to start tantalum production at the mine.
After extensive due diligence, Jiujiang Jinxin Nonferrous Metals, based in Jiangxi province, China, was selected as the company’s preferred buyer.
Jinxin has entered into a three-year initial contract, through to December 31, 2024, to buy all tantalum concentrate produced by Kazera at a fixed price that is competitive in terms of those paid globally by end-users of tantalum.
Jinxin specialises in various product lines related to tantalum, niobium and its derived products, which include high-purity tantalum pentoxide, high-purity niobium pentoxide, common grade tantalum pentoxide, common grade niobium pentoxide and Ksalt.
Jinxin′s products are sold throughout China, as well as in the US, Japan, South Korea and Europe.
A test sample has already been successfully assayed in Namibia and has now been airfreighted to Jinxin for factory testing.
Jinxin has also expressed an interest in becoming involved in the company’s development of its lithium deposit.
“Sourcing product from Namibia has major advantages for buyers as the country is far removed from conflict and has excellent infrastructure. We were approached by dealers in tantalum who would have accepted much lower standards, but who we felt have less growth, flexibility and commitment than displayed by Jinxin,” says Kazera joint CEO Larry Johnson-Miningweekly