SUPPLY NEWS - Glencore to take 50 pct of nickel from Sirius's Nova mine

Kathleen Retournekathleen.retourne@fastmarkets.comJoint News Editor - Europe+44 (0) 20 7337 2144

London 18/08/2015 - Australian miner Sirus Resources has signed a three-year deal with Glencore to supply the mining giant with the remaining 50 percent of the first three years of Nova’s forecast nickel sulphite concentrate production.

The deal is set to begin in the last part of 2016 and means that all of Nova’s forecasted nickel and copper sulphite concentrate for the first three years has been allocated to three customers.

BHP Billiton is responsible for the other 50 percent of nickel offtake, while Trafigura have agreed to take the copper ore.

(Editing by Martin Hayes)

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